9flats.com, the European leader in peer to peer apartment rentals, has announced today that it has completed a major investment round led by Silicon Valley venture capital firm Redpoint Ventures. With this recent investment, the total funding for the company amounts to $10 million.

“We have worked closely with Stephan Uhrenbacher over the past year and are impressed with his demonstrated ability in leading groundbreaking new concepts to great success across Europe” said Christian Leybold, Partner with eVenture Capital Partners.

9flats.com aims to change the way people travel by providing an online marketplace where travellers can book individual and exciting private places to stay at their chosen destinations with hosts equally being able to let their own accommodations for a price they choose themselves.

9flats.com is a market place for private accommodation to facilitate smarter and more local travel. Through the site, members can rent private places worldwide or let their own place for some extra income.

9flats launched in February 2011 and currently lists over 8,000 private accommodations in 40 countries, ranging from a place on a couch for €15 a night to a luxury apartment for €500.