Airbnb raises $1.5B at whopping $25.5B valuation

Home-rental company now worth more than Marriott, Starwood

TRD New York /
Jun.June 27, 2015 10:16 AM

Airbnb just raised $1.5 billion in one of the biggest private-funding rounds ever. The funding values the short-term rental service at an incredible $25.5 billion — more than Marriott or Starwood.

Private-equity firm General Atlantic, Chinese firm Hillhouse Capital Group and investment firm Tiger Global Management, led the funding, buying about a third of the offered shares, according to the Wall Street Journal.

The deal also includes Singapore’s Temasek Holdings, Kleiner Perkins Caufield & Byers, GGV Capital, China Broadband Capital, Horizon Ventures, Wellington Management, Baillie Gifford, T. Rowe Price Group and Fidelity Investment.

Airbnb’s revenue is expected to surpass $900 million this year – a big jump over the $250 million in revenue it reported in 2013. The company, which is facing regulatory challenges in New York, is projected to reach $10 billion in earnings in 2020, according to the Journal. [WSJ]

The new round comes amid an incredibly fertile environment for fundraising. Earlier this week, shared-office provider WeWork announced a new $400 million round that values the company at $10 billion.  – Christopher Cameron

Related Articles

Eric Gordon

Eric Gordon on the evolution of the residential data game — and how to stay competitive in the new world

Big Tech locations in NYC

MAP: Here’s a look at all the Big Tech locations in NYC

From left: Mayor Bill de Blasio, 54 West 39th Street, 62 Grand Street, and 208 West 30th Street (Credit: Google Maps)

The Airbnb crackdown continues: City targets three more buildings

Softbank CEO Masayoshi Son (Credit: Getty Images)

SoftBank’s $3B payout to WeWork’s investors is delayed

Airbnb lost by a landslide in Jersey City. What went wrong?

Airbnb lost by a landslide in Jersey City. What went wrong?

Results are in from Jersey City Airbnb referendum

Airbnb deflated as Jersey City voters tighten rental rules

Airbnb CEO Brian Chesky and Jersey City Mayor Steve Fulop (Credit: Twitter, iStock, Airbnb)

Stakes are high as Jersey City residents vote on Airbnb

Warburg’s Clelia Peters (Credit: Getty Images, iStock)

Warburg’s Clelia Peters joins board of VC-backed brokerage