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Vacation home rental service, HomeAway takes a pretty big leap in its latest round of funding totaling to $250 million. The latest round was led by Technology Crossover Ventures participated by existing partners. The company has expanded many folds recently owing to numerous acquisitions of various home rental web services and its likely that the latest fund raised will be used for the same purpose. The investment comes based on the valuation of the company at a staggering $1.5 billion and with HomeAway pocketing every competition in the ring, chances of its growth are pretty negligible. I am still clueless as to why would they invest so heavily given the present conditions.