CouchSurfing International, an online travel network, has closed a $7.6 million round of series A funding led by Benchmark Capital and Omidyar Network. The company has also announced that it is changing its corporate status from non-profit to benefit corporation. CouchSurfing matches travellers with hosts willing to open their homes and unfold their futons for a few days at a time.
“With its network of more than three million members, CouchSurfing has tapped into a passionate and highly engaged community at the nexus of the social, mobile and local trends,” Matt Cohler, a general partner at Benchmark Capital and board member at CouchSurfing, says in a press release. “We see an enormous opportunity, and couldn’t be more excited to back this team as the market for socially connected travel experiences starts to hit a tipping point.”
CouchSurfing is committed to providing world-besotted travellers with more than a place to catch their 40 winks. Hosts will often provide their guests with a tour of the neighbourhood, share meals with them, and introduce them to friends. “CouchSurfing is much more than a website that helps facilitate overnight accommodations, it is a thriving social community committed to fostering engaging and inspiring cross-cultural experiences,” says Daniel Hoffer, CouchSurfing co-founder and CEO.
Read more at Reuters.
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