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  • 04.18.14

Airbnb Reportedly Closes New Round Of Funding Valuing It At $10 Billion

However, it’s still unclear what the total amount raised is. Reports suggest it’s between $450 million and $500 million.

Airbnb Reportedly Closes New Round Of Funding Valuing It At $10 Billion
[Image: Flickr user tommypjr]

As widely speculated, Airbnb has reportedly closed a new round of fundraising that values the company at $10 billion.

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Led by private equity firm TPG, the round of funding–yet to be confirmed by the San Francisco startup–is said to total $450 million, according to the Wall Street Journal, or $500 million, according to TechCrunch. Fast Company has reached out to Airbnb and will update this post when we hear back.

At $10 billion, Airbnb’s valuation surpasses that of established hotel brands, including Wyndham and Hyatt. As the company looks ahead, it’s aiming to build itself into a global hospitality brand providing end-to-end experiences for travelers. “Our business isn’t [renting] the house–our business is the entire trip,” CEO Brian Chesky recently told Fast Company.

About the author

Based in San Francisco, Alice Truong is Fast Company's West Coast correspondent. She previously reported in Chicago, Washington D.C., New York and most recently Hong Kong, where she (left her heart and) worked as a reporter for the Wall Street Journal.

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