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Dwellable, World’s #1 Rated Mobile App for Vacation Rentals, Raises $2 Million in Funding

Funds to be Used to Continue Rapid Pace of Innovation; Financing Led by Version One Ventures and Maveron

SEATTLE, June 10, 2014-- Dwellable, the world's #1 rated mobile app for vacation rentals, today announced it has raised $2 million in Series Seed financing led by Version One Ventures and Maveron. Additional participants in the round include former HomeAway board director Rob Solomon, Zillow CEO Spencer Rascoff, Redfin CEO Glenn Kelman, Farecast founder Oren Etzioni, and other notable investors in Seattle and Silicon Valley.

Dwellable makes it quick and easy to find the perfect house, condo, or villa to rent from any connected device. This is the first ever capital raise for Dwellable, which launched its chart-topping iOS and Android apps in 2012 and was the 25th most downloaded iPad travel app in the United States in May 2014. The company will use the new funds to continue its rapid pace of innovation on all mobile platforms. There are more than 300,000 properties from all over the world on the Dwellable platform and the number is growing every day. Dwellable is the only vacation rental platform that “organically” ranks listings in its search results.

"The vacation rental industry is in the midst of huge creative disruption, and companies that leverage mobile to transform the discovery and booking experience are the ones that will survive and thrive," said Kirby Winfield, CEO of Dwellable. "The global brands of tomorrow will be built for mobile devices first, and I’m proud that so many experienced travel investors have backed Dwellable, a company that's bringing trailblazing innovation to the enormous vacation rental market."

Unlike traditional vacation rental companies, Dwellable is focused on mobile first. Its experienced team has created successful mobile businesses in the past. Prior to Dwellable, founder Adam Doppelt created Urbanspoon, the groundbreaking restaurant app featured in the first ever iPhone commercial, acquired by IAC. Co-founder Nathan Kriege created Snapvine, the social VOIP technology acquired by WhitePages. CEO Kirby Winfield helped take Marchex, the leading mobile advertising technology company, through a successful IPO, and sold his cross-platform analytics startup AdXpose to comScore.

Dwellable can be downloaded on the App Store and on Google Play.

"Dwellable’s slick design, mobile-first growth model and deep digital media DNA position it to become the first household brand name for vacation rentals in the mobile era," said Boris Wertz, general partner of Version One. "It's the only vacation rental brand to truly leverage the tidal wave of mobile adoption to reach travelers wherever they’re planning a trip."

The funding comes at a time of heightened recognition for Dwellable, which has been prominently featured in mobile app stores as the summer travel season approaches. Leveraging lightweight architecture, scaled data collection and quality-based sorting algorithms, Dwellable helps connected travelers find vacation rentals more than twice as fast as traditional vacation home listings websites. Dwellable collects millions of data points from vacation rental homeowners and management companies, structures and de-duplicates them, and surfaces the most relevant listings based on traveler preferences.

About Dwellable

Dwellable, based in Seattle, is the world's foremost online vacation rental search engine and the top rated vacation rental app on the Apple App Store and on Google Play. Dwellable makes it quick and easy to find the perfect house, condo, or villa to rent. For more information please visit www.Dwellable.com.

Contact:
Sparkpr
Glenn Mandel, 760-798-1563
gmandel@sparkpr.com
or
Alex Skillman, 415-342-6425
askillman@sparkpr.com


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