Germany-based accommodation website 9flats, backed by the corporate venturing unit of Deutsche Telekom, snaps up Canadian rival iStopOver to expand its reach in North America.
9flats, a Germany-based short term lettings website backed by T-Venture, has purchased Canada-based rentals portal iStopOver, for an undisclosed sum.
The Berlin-based company finalised the purchase on Monday, after previous launches across Europe and Asia. 9flats will also double its support team as a result of the partnership with iStopOver customer services.
9flats.com secured an undisclosed ‘multi-million euro’ amount in January led by T-Venture, the corporate venturing unit operated by telecommunication group Deutsche Telekom. Also participating in the round…
