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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.

[Image: Flickr user tommypjr]

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

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.