Photo: Natalie Seery
Frustration is not an uncommon precursor for inspiration and it played a huge role in the creation of Love Home Swap, the home-sharing startup. Having been left unfulfilled by a lacklustre hotel holiday, Debbie Wosskow launched the company to provide an alternative to traditional vacations. And that push paid off this week when the startup was acquired by RCI, the holiday timeshare firm, which is a division of Wyndham Worldwide, the hospitality company.
While the details of the deal haven’t been made public, sources told TechCrunch that the firm was bought for £40m. The deal will also see Wosskow step down from her role as CEO, although she will remain in an advisory role for the next six months. Her brother Ben Wosskow, chief commercial officer and co-founder of Love Home Swap, will take over his sister’s role.
Commenting on the deal, Wosskow thanked her team for their commitment to the startup over the years since its launch in 2011. “Dedication and hard work has yielded fantastic results in a short space of time and this is a real global success story for the UK sharing economy,” she said. “We’re delighted to join the RCI family and are excited to work closely with them to help shape the future of the travel industry together.”
However, she will hardly run out of things to do. Having long been outspoken about how female entrepreneurs are often sidestepped in the startup scene and having also helped fund several tech female-led startups, Wosskow co-founded Allbright, the funding platform that supports female entrepreneurship, in October last year.
The deal may mark the end of this chapter of Wosskow’s Love Home Swap journey but, given her business acumen and dedication, it’s safe to say that there will be more stories to tell in the future.