CouchSurfing Raises $15 Million in Series B Round

CouchSurfing, the social network for travelers seeking crash pads and hospitality, announced the closing of a new round of funding on Wednesday, securing $15 million. The second round of institutional financing was led by General Catalyst Partners, with contributions from Menlo Ventures, Benchmark Capital and Omidyar Network. The company, now up to five million users, will use the injection of funds to expand its engineering resources and further its mobile platform.