Airbnb Closes Funding Round at $10 Billion Valuation

Airbnb has closed a large round of funding at an 11-figure valuation, according to multiple reports

The Wall Street Journal reports hearing from sources that Airbnb has sealed a deal to raise $450 million led by TPG, a private equity firm, while TechCrunch reported that the round was for $500 million. Both publications put the valuation at $10 billion.

Reps for Airbnb did not immediately respond to our request for comment

The current valuation for the room rental service is higher than the market cap of some large hotel chains like Hyatt Hotels and puts Airbnb in league with other fast-growing tech companies like Dropbox Read more...