airbnb May Seek $1 Billion in Additional Venture Capital

Airbnb Is Said to Seek $1 Billion More in Financing

From the New York Times, June 17, 2015

Airbnb, which lets users list their homes and apartments for short-term rentals, is in talks to raise $1 billion in venture capital, according to a person close to the discussions. The financing round would value Airbnb at $24 billion, said the person, who spoke on condition of anonymity.

If the financing closes, Airbnb will more than double its valuation of $10 billion from just over a year ago. The company has garnered nearly $800 million in funding to date from investors including Sequoia Capital and Andreessen Horowitz.