Airbnb raises $100M-plus in latest funding round

Popular home-sharing website generated $340M in revenue on bookings of $2.2B in Q3

TRD New York /
Nov.November 20, 2015 05:42 PM

Airbnb secured more than $100 million in its latest round of private equity funding, which recently closed. The round occurred at the same time as the $25.5 billion valuation during the company’s previous funding round this summer.

The popular and controversial home sharing service marketed its solid growth to investors as it sought a fresh influx of capital. Airbnb generated $340 million in revenue in the third fiscal quarter of this year on bookings of $2.2 billion, according to an investor slide presentation.

Both figures were roughly double from the same period last year, according to the Wall Street Journal. The number of nights booked on the company’s site also grew to nearly 24 million in the third quarter, compared to more than 11 million in the same quarter last year.

The investor presentation revised Airbnb’s total revenue forecast this year to $900 million — up from the $825 million previously projected during the San Francisco-based company’s last fundraising round in July, which saw it raise a whopping $1.5 billion.

In October, The Real Deal looked at Airbnb’s impact on rents in New York City. [WSJ]Rey Mashayekhi


Related Articles

arrow_forward_ios
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

The Airbnb crackdown continues: City targets three more buildings
Mayor Bill de Blasio and Stanley “Skip” Karol, an Airbnb host (Credit: Getty Images and Youtube)

Airbnb host narrowly clears hurdle in First Amendment claim against city

Airbnb host narrowly clears hurdle in First Amendment claim against city
A West Village Airbnb listing (Credit: Airbnb)

Airbnb Luxe launched without listings in one of their biggest potential markets — why?

Airbnb Luxe launched without listings in one of their biggest potential markets — why?
Lisbon, Portugal (Unsplash)

Lisbon might have solved its Airbnb problem

Lisbon might have solved its Airbnb problem
Mayor Bill de Blasio (Getty)

De Blasio to sign Airbnb, property tax legislation

De Blasio to sign Airbnb, property tax legislation
Sonder CEO Francis Davidson (Courtesy Skift)

Sonder raises $170M despite hospitality apocalypse

Sonder raises $170M despite hospitality apocalypse
NY State Senator Liz Krueger (iStock)

Why did Airbnb give in to de Blasio?

Why did Airbnb give in to de Blasio?
Mayor Bill de Blasio and Airbnb CEO Brian Chesky (Getty, iStock)

Airbnb agrees to give listing info to city

Airbnb agrees to give listing info to city
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...