Google Ventures has invested in Austin, Texas based HomeAway, a vacation home rental service, at a $1.4 billion valuation, we've heard from a source. The New York Times first broke the story, but doesn't have details on valuation or amount invested. Our source says Google Ventures invested somewhere around $25 million in the company. Google Ventures bought stock directly from existing shareholders and the money isn't being injected into HomeAway. The valuation was set in the last round of financing, a massive $250 million raise in 2008.
Source: http://feedproxy.google.com/~r/Techcrunch/~3/BMO9Hn8O4Dk/
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