Wimdu secures investment of $90 million from Kinnevik and Rocket Internet

Berlin (ots) -

- In the past 100 days, Wimdu has become the world's second largest
community marketplace for private spaces

- More than 10,000 unique apartments in over 150 cities around the
world, and a team of 400 employees working in 15 offices worldwide

Rocket Internet and Kinnevik have invested $90 million in Wimdu
following their prior success with companies such as Groupon/City
Deal and Zalando. Wimdu is a new social marketplace that pairs
adventurous and discriminating globetrotters with unique properties
and interesting hosts to create extraordinary travel experiences. The
website allows anyone to list, find and book private spaces on any
budget. Properties may range from a budget- conscious room for rent
in New York to a luxurious penthouse in Paris or a sailboat in
Seattle. The rapidly-expanding company, which emphasizes traveling
like a local, is a fresh alternative to existing competitors.

Wimdu's website www.wimdu.com currently features over 10,000
private accommodations in more than 50 countries. The company has
grown quickly to expand its global reach and outpace competition-its
300 properties in Sydney are just one example. The open platform
allows anyone to list their space for free, be it a room, an
apartment or a house, and invite travelers from around the world to
come stay with them. Wimdu manages the booking and payment processes
online, making it easy for guests to design their travel experiences
and efficient for hosts to manage reservations. The benefits are
many; hosts can earn extra cash while providing travelers with a
unique perspective on their hometown. Individual spaces and valuable
insider tips allow travelers to experience their destination like a
local - hence the slogan "Travel like a local".

Rocket Internet and Kinnevik are known for having invested in a
considerable number of successful internet companies, such as
Groupon/City Deal and Zalando. "We are pleased to be working with
some of the most renowned European investors," says Wimdu's Global
CEO and co-founder, Arne Bleckwenn. "This collaboration allows us to
make use of a worldwide network and to draw on country-specific
expertise, thereby propelling our business towards success," adds
Russell Goldman, head of US operations.

About www.wimdu.com: Wimdu is a global marketplace for all types
of accommodation, uniting travelers and hosts from around the world.
Wimdu has been launched in eleven languages and operates throughout
Europe, Asia and the Americas. Along with the opportunity to list and
search for private spaces, the platform also provides destination
information including travel tips and virtual guided tours. The
founders include serial entrepreneurs Arne Bleckwenn and Russell
Goldman.

Contact:
Nikola Guenther | Wimdu GmbH | +49 (0)176 99 54 68 78 |
press@wimdu.com