Airbnb Raises $555 Million In New Funding Round
Zacks Investment Research | Sep 23, 2016 12:19AM ET
Home and apartment rental startup Airbnb has just raised $555 million in a new round of funding, confirming rumors the company was seeking to raise a total of $850 million in equity funding and boosting its valuation to roughly $30 billion.
broke the news on Thursday. The San Francisco-based company is expected to file an SEC “Form D” document describing the funding later today.
According to Fortune, “Sources say that Airbnb already had plenty of cash on hand, but views the new money as ‘insurance’ in case of new capital requirements or an even longer wait for an IPO.” For more information on Airbnb’s potential IPO, check out the Zacks article “Airbnb Could Be the Biggest IPO of 2017 .”
And the WSJ also reported that Google Capital, a division of Alphabet Inc. (NASDAQ:GOOGL) , as well as investment firm Technology Crossover Ventures, co-led Airbnb’s latest funding round. Both are new investors in the tech start-up.
Zacks Investment Research
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.