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Airbnb, a site for listing and finding rent lodging, has raised $1.5 billion, according to an SEC filing:
Back in June, the WSJ reported that Airbnb had raised a massive $1.5 billion round of funding. Today, the company confirmed those reports by way of an SEC filing.
The total offering and sold amount is $1,499,937,904.00 for those keeping score.
Airbnb's valuation is now at or above $25 billion, which is just staggering. It sounds like Airbnb is going to focus on strengthening itself overseas before even thinking about going public.
The company is also busy fighting fires here in the States, as cities have tried to put a cramp in their style with not much success.
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Airbnb Raises $1.5 Billion, Valued at Over $25 Billion
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There's no such thing as an original sin.
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(Score: 2) by MichaelDavidCrawford on Wednesday December 09 2015, @01:20PM
what they could otherwise afford to do is rent a single room in a shared house, but they don't have the money to rent an entire house.
Yes I Have No Bananas. [gofundme.com]
(Score: 2) by Fnord666 on Thursday December 10 2015, @03:37PM
what they could otherwise afford to do is rent a single room in a shared house, but they don't have the money to rent an entire house.
That is a good point, but I didn't think Airbnb was for long term lodging. I suppose they could bounce from one location to another periodically.