Thursday, July 31, 2014

Vakast Nabs $1.3M In Seed For Vacation Rental Search Marketplace

Newport Beach-based Vakast, a startup aiming at the online peer-to-peer marketplace for vacation rentals, has raised $1.3M in a seed funding round, the company announced this morning. Vakast said the funding came from Chinh Chu (senior managing director, Blackstone Group) and Ken Pansuria (founder, Fine Hospitality Group), as well as Nicky Nguyen (NJ Enterprises). The company said it is offering up an online travel agency specifically focused on vacation rentals. The company said it is looking to provide an "Expedia-like" experience to access vacation rental listings across sites such as HomeAway, Wimdu, Villas of Distinction and HouseTrip. Vakast is led by Huan Truong.

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