​Airbnb Books Up Half Billion in Fund-raising Round


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Adam Smith | FlashRatings | Friday, September 23, 2016 1:44 PM EDT
San Francisco-based Airbnb has booked up more than half a billion dollars in an equity fund-raising round. 

The privately held company that matches travelers with homeowners looking to rent out their pads for hotel-like stays Thursday filed paperwork with the Securities and Exchange Commission, disclosing the more than $555-million raised.

So far the company has raised nearly $4 billion in ten fund-raising rounds since forming as a small startup in 2008, according to the company's profile on Crunchbase.com, which tracks tech companies and their funding efforts.

The most recent investors are Google Capital (GOOG) and Technology Crossover Ventures, according to a report by the Wall Street Journal, that relied on unnamed company sources. Valuing Airbnb at some $30-billion, those company insiders told the Journal that the round is part of a potential effort to raise $850-million.

In its eight years since forming as Airbed & Breakfast Inc., the company has purchased 11 smaller companies as it grew to its current size, including Trip4real, Crashpadder and Pencil Labs. 

Currently Airbnb lets people book rentals in homes in 34,000 cities in 191 countries, yet has tripped into several high profile legal battles over local regulations aimed at limiting short-term home rentals.