Airbnb raises $1.5B at whopping $25.5B valuation

Miami /
Jun.June 27, 2015 11:30 AM

From the New York website: 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.

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. [WSJ] – Christopher Cameron


Related Articles

arrow_forward_ios
Starwood’s Barry Sternlicht with 5060 Seminole Pratt Whitney Road
Starwood checks out of Westlake shopping center for $20M
Starwood checks out of Westlake shopping center for $20M
A photo illustration of Icon on 8's planned short-term rental hotel along with the current site at 930-950 Southwest 8th Street in Little Havana (Getty Images, Icon on 8, Google Maps)
LA developer plans Little Havana short-term rental hotel
LA developer plans Little Havana short-term rental hotel
Ricardo Vadia, Jon Paul Perez, and Oscar Rodriguez with District 225
Developers score $76M construction loan for Airbnb-branded condos in downtown Miami
Developers score $76M construction loan for Airbnb-branded condos in downtown Miami
Renderings of the Hollywood Courtyard by Marriott hotel (Adache Group Architects)
MHG Hotels plans to redevelop downtown Hollywood properties into Courtyard by Marriott
MHG Hotels plans to redevelop downtown Hollywood properties into Courtyard by Marriott
Dynamic City's Joel Sybrowsky and Cory Turner with Fort Lauderdale (Key International, Dynamic City, iStock)
Dynamic City Capital pays $74M for newly built AC Hotel by Marriott in Fort Lauderdale
Dynamic City Capital pays $74M for newly built AC Hotel by Marriott in Fort Lauderdale
Key International’s founder Jose Ardid, Diego Ardid and Inigo Ardid; Wexford Real Estate Investors’ Joseph Jacobs (Key International, Wexford Capital)
AC Hotel by Marriott in Fort Lauderdale scores TCO
AC Hotel by Marriott in Fort Lauderdale scores TCO
From left: Harvey Hernandez and Cindy Diffenderfer (NGD Homesharing, Newgard Group, iStock)
Harvey Hernandez’s NGD Homesharing hit with $963K judgment
Harvey Hernandez’s NGD Homesharing hit with $963K judgment
From left: Alex Rodriguez and Barry Sternlicht (Getty Images, Starwood Capital Group, iStock)
Starwood, A-Rod and partner buy South Florida single-family rentals to add to portfolio
Starwood, A-Rod and partner buy South Florida single-family rentals to add to portfolio
arrow_forward_ios

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

Loading...