HomeAway, a Web site of vacation rentals, will use the funding for acquisitions of other vacation rental Web sites. The company plans to boost its rental inventory, marketing efforts and continue to develop its technology for locating and renting homes online.

The company has already begun that expansion through the acquisition of VBRO.com, or Vacation Rentals by Owner. Financial terms of the deal were not disclosed.

VRBO.com, HomeAway’s largest competitor, was founded in 1996 and as amassed nearly 65,000 properties worldwide. VRBO.com provides rent-by-owner vacation properties in the U.S.

Combined with VRBO.com’s inventory, HomeAway’s portfolio of vacation rentals comprises more than 130,000 properties in nearly 100 countries.

VRBO.com will continue to operate as an independent brand run by the existing management team.

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