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Airbnb Raises $1.5 Billion, Valued at Over $25 Billion

posted by cmn32480 on Wednesday December 09 2015, @03:04AM   Printer-friendly
from the come-rent-me dept.

takyon writes:

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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  • (Score: 2) by richtopia on Wednesday December 09 2015, @03:45PM

    by richtopia (3160) on Wednesday December 09 2015, @03:45PM (#273967) Homepage Journal

    The short term rentals for individuals is what is "new". If you have a spare bedroom, typically the only option was to rent it for months at a time.

    AirBnB allows for shorter rentals and a centralized database (with more sophistication than Crag's List). If I want to keep my spare bedroom for my family Nov-Dec, I can list it on AirBnB for the rest of the year.

    I've considered being a host myself, but the insurance and legal is a bit cloudy unless you live in a major area that AirBnB has already researched (for example, Portland, OR: https://www.airbnb.com/help/article/875/portland--or [airbnb.com] ).

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  • (Score: 2) by FatPhil on Wednesday December 09 2015, @04:35PM

    by FatPhil (863) <pc-soylentNO@SPAMasdf.fi> on Wednesday December 09 2015, @04:35PM (#273986) Homepage
    > The short term rentals for individuals is what is "new".

    No. I've done that in the UK, Ireland, Finland (a dozen times in differnet towns over the last couple of decades), Germany, and several other places.
    --
    Great minds discuss ideas; average minds discuss events; small minds discuss people; the smallest discuss themselves