Airbnb Closes $1 Billion Funding Round With War Chest for Growth
- Valuation makes it second most-valuable startup after Uber
- Cash could be used for further acquisitions, investments
Airbnb Closes $1 Billion Funding Round
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Airbnb Inc. closed a funding round of more than $1 billion, valuing the home-sharing startup at about $31 billion, according to three people familiar with the company.
In December, Bloomberg first reported the company’s plans to increase the funding it was seeking by authorizing the sale of an additional $153 million in equity. Investors include Alphabet Inc. investment arm CapitalG and Technology Crossover Ventures.