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Sat 05 May 2004Hostel booking firm nets €30m in fundingUS and UK-based venture capital company Summit Partners has invested between €20 million and €30 million in Hostelworld.com, an Irish internet company.In one of the biggest investments in an Irish dotcom since the collapse of technology and internet-based investments in 2000, it is understood that US financier Summit Partners has invested a sum between €20 million and €30 million in the Irish company's parent, Web Reservations. It is the first investment that the US business has made in the Republic.