Rumor: Airbnb In The Process Of Raising Over $100 Million
This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry
Airbnb is close to raising over $100 million based on a valuation of over $1 billion. This round is being lead by Andreessen Horowitz. Participation is expected from DST. Airbnb’s last round of funding was about $7.2 million and included Sequoia Capital, Greylock, SV Angel, Ashton Kutcher, and Youniversity Ventures. Airbnb launched out of Y Combinator.
Airbnb connects people who have space in their home to share with people who are looking for a place to stay. Guests can build a connection with their hosts.