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.
Cloud storage company Dropbox has acquired Loom for an undisclosed amount of money. Loom’s user base will be rolled into Dropbox’s new Carousel app by May 16 and Loom will be shut down after that. Loom is no longer accepting new users. Loom’s 8-person team will be joining Dropbox to work on Carousel.
Citymapper is a mapping app company that helps people figure out public transportation in large cities. The company has raised $10 million in Series A funding led by Balderton Capital with participation from Connect Ventures, Index Ventures and Greylock Partners.
Lending Club is an online market company that connects borrowers and loan providers with each other. Lending Club has raised $115 million in funding and has acquired Springstone for $140 million in cash and stock.
Jasper has raised $50 million in funding with a valuation of over $1 billion. What is Jasper? It is an Internet of Things company, which means that it enables all types of objects to connect to software, including homes, clothes, airplane engines, and motor vehicles. This round of funding was led by Singapore-based Temasek. Jasper has raised a total of $205 million in total funding.
SpringCM is a startup that provides content cloud services that has raised $18 million in funding from existing investors such as Foundation Capital. New investors that participated in this round include Square 1 Bank and Goff Capital. SpringCM is going to be using the funding to scale its direct sales and address the growing demand from enterprises for cloud services.
Work4 is an online recruitment startup that uses social networks for finding leads for jobs and advertising. The company has raised $7 million in funding to expand its product and reach outside of the U.S. This round of funding was led by Serena Capital with participation from existing investor Matrix Partners.