Record Investment in Austin Company

Speaking of raising money, Austin-based vacation rental site HomeAway.com brought in $160 million in funding and bought its largest competitor, VRBO.com. The amount was the largest single private equity investment for an Austin company.

HomeAway lists more than 65,000 vacation rental homes, but the acquisition of VRBO.com should double that amount worldwide.

Related stories:

• Austin company gets record $160 million investment
• Web companies renting vacation homes