Airbnb’s Most Well-Funded European Rival Wimdu Is Acquired by 9flats
Photo Credit: Upon its launch in 2011, Wimdu was believed to be a bonafide competitor to Airbnb and received $90 million in funding. Its current homepage is pictured here. Wimdu
Skift Take
Despite the large amount of funding Wimdu received in 2011, it was never able to scale its operation on a global basis like Airbnb. The variety of laws restricting the ability of Europeans to list their homes on a roomsharing platform likely hastened its demise.
Wimdu and 9flats, two roomsharing platforms founded in Europe in 2011, are merging following 9flats' acquisition of its competitor for an undisclosed amount.
The staff of the two companies will merge in order to consolidate their inventory and better compete against
