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Airbnb Completes $1B Funding Round

Airbnb Completes $1B Funding Round

Publish Time：2017-03-13 09:22:53Source：http://www.travelweekly.com

【Introduction】：Airbnb on Thursday completed an equity funding round of $1 billion, the company said in a Security and Exchange Commission (SEC) filing. Along with Airbnb principals, the filing listed executives with venture capital firms Sequoia and Andreessen Horowitz, though didn t provide further information.

Airbnb on Thursday completed an equity funding round of $1 billion, the company said in a Security and Exchange Commission (SEC) filing.

Along with Airbnb principals, the filing listed executives with venture capital firms Sequoia and Andreessen Horowitz, though didn't provide further information.

The funding round values Airbnb at $31 billion, Tech Crunch reported, citing people familiar with the process.

An Airbnb representative didn't immediately respond to a request for comment on Friday morning.

Closely held Airbnb took out $1 billion in debt last year to fund its continued growth. The company last month acquired Montreal-based vacation-rental firm Luxury Retreats.

Airbnb, which has raised more than $3 billion since its 2008 founding, became profitable during the second half of 2016 and paid about $300 million for Luxury Retreats, making the company its largest-ever acquisition, Bloomberg News reported, citing people familiar with the process.

For the year ended September 2016, U.S. Airbnb hosts more than doubled their revenue to about $5.7 billion, according to a report released Thursday by the American Hotel & Lodging Association.

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