Accommodation, ET CETERA, REVIEWS, Uncategorized
Leave a Comment

Airbnb raises $1.5 billion, valuing it at an eye-popping $25.5 billion

Well this is definitely something to wake upcto


The pace of the race to the top of Fortune‘s Unicorn List continues to hasten as startups raise ever-larger sums of money to fuel growth and expansion.

Airbnb, the well-known home rental service headquartered in San Francisco, has closed a new $1.5 billion funding round, according to reports from the Wall Street Journal and Financial Times. The round, which has been rumored for weeks, values the company at $25.5 billion—billions more than publicly traded neighbor Twitter [fortune-stock symbol=”TWTR”], which had raised far less ahead of its highly anticipated 2013 IPO, and hotel giant Marriott [fortune-stock symbol=”MAR”], which runs more than 4,000 properties around the globe.

At the time of its previous investment earlier this year, investors valued Airbnb at $20 billion. Among venture-backed startups, only Chinese phonemaker Xiaomi and car-hailing service Uber carry higher valuations.

Investors backing the young company this time reportedly include General Atlantic, Hillhouse…

View original post 88 more words


Love to hear your thoughts

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s