Airbnb has raised $100 million in funding, still valued at $25.5 billion

Total
0
Shares

Last night, Airbnb announced that it has raised another $100 million in funding, which brings the startup’s total funding to $2.34 billion, and brings its value to $25.5 billion. As impressive as that number is, it’s the same value that the company had last summer, but it’s expected to pull in around $900 million in revenue by the end of the year, which is much more than expected, so things are definitely going pretty well for Airbnb. 

Home-sharing site Airbnb has raised more than $100 million in a fresh round of fundraising, valuing the startup at the same $25.5 billion mark where it raised capital this past summer, according to the Wall Street Journal. An investor slide deck viewed by the Wall Street Journal’s Rolfe Winkler said the company had bookings of $2.2 billion, double the level one year ago. The company also generated $340 million in revenue in the third quarter, according to the Journal. That’s on track with what the company had reportedly projected earlier this year. The startup raised $1.5 billion this summer in a Series E round, which valued the company at $25.5 billion, because of its high revenue projections. As reported in June, Airbnb expects $850 million in revenue and an operating loss of about $150 million this year as it pushes to expand its services to new parts of the world and fights regulators over taxes and lodging laws.

Leave a Reply

Your email address will not be published. Required fields are marked *

Sign Up for Techi's Special Newsletter

Newsletters are not just for grabbing attention. I promise to deliver the best disruptive technologies in your inbox once or twice a month.

You May Also Like