Y Combinator Posts

Airbnb closes $500 million in funding with $10 billion valuation

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According to TechCrunch, Airbnb, has closed on a $500 million round of funding led by private equity firm TPG with a $10 billion valuation. Airbnb is a fast growing website that lets users rent out their properties to make some extra cash and allow travelers to save some money. Airbnb has raised a total of $826 million. It is believed that Allen & Co. helped put together this round for Airbnb.

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Y Combinator names four new partners

This week, Y Combinator has added four new partners to the team under new president Sam Altman. Altman made the announcement in a blog post. Y Combinator’s outreach director Kat Manalac was promoted to the partner position. Stripe CEO Patrick Collison, Science Exchange CEO Elizabeth Iorns, and AeroFS CEO Yuri Sagalov are joining as part time partners. The three of them are all Y Combinator alumni.



Paul Graham steps back as head of Y Combinator

Paul Graham
Y Combinator co-founder Paul Graham has stepped down from the position as the head of the program. Sam Altman was named as the president of the Y Combinator starting next batch. 
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Celery raises $2 million in seed funding

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Celery is a store builder service for online and mobile shopping. The startup has raised $2 million in a seed round of funding from Y Combinator, SV Angel, Max Levchin, and several other investors. Celery plans to use funding for building their team and extending their platform features for becoming an embeddable and mobile-centric storefront for merchants.
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Apportable has raised $5 million to help developers convert iOS games to Android

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Apportable is a startup that has raised $5 million in funding for driving the conversion of iOS games to Android. Apportable was founded by Collin Jackson and Ian Fischer out of Y Combinator in 2011. The company aims to help developers port their apps to multiple platforms without having to sacrifice quality. Apportable makes it possible to use the same code for iOS and Android.
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AdRoll acquires Userfox

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AdRoll is a retargeting platform that has announced the acquisition of Userfox. Userfox is a Y Combinator accelerator graduate that offers user retention as a service for brands. This is AdRoll’s second acquisition after acquiring data analytics company Bitdeli in June 2013.

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Khosla Ventures partners with Y Combinator for early stage investments

Khosla Ventures is partnering with Y Combinator as part of their venture capital program. Khosla will invest around $20,000 to each startup that goes through the seed stage accelerator. Khosla will be replacing Yuri Milner’s VC firm DST in the program.
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LendUp Raises $14 Million

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LendUp is a payday loan startup that was accelerated at Y Combinator.  LendUp has raised $14 million in a new round of funding from Google Ventures and QED.

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