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Airbnb Raises $100 Million

Posted By Dave Smith On May 31, 2011 @ 12:26 pm In Apps,Internet and Online Business | No Comments

After an extremely successful showing at TechCrunch Disrupt last week, Airbnb [1], the online community marketplace (and 2010 Inc. 30 Under 30 [2] honoree) that helps travelers find cheap local vacation accommodations and sublets, will reportedly close its latest funding round with at least $100 million, according to TechCrunch. The funding boost, led by VC firm Andreessen Horowitz and serial mega-round participant Digital Sky Technologies, gives Airbnb a $1 billion-plus valuation.

A crowd favorite at SXSW [3], Airbnb’s popularity has exploded recently, growing more than 800% last year. Airbnb reports it has booked 1.6 million night stays in other people’s homes to date, and Airbnb founder Brian Chesky claims that more people stay in New York City via Airbnb than in New York’s largest hotels.

Read more from TechCrunch [4].

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URL to article: http://technology.inc.com/2011/05/31/airbnb-raises-100-million/

URLs in this post:

[1] Airbnb: http://www.airbnb.com/

[2] 2010 Inc. 30 Under 30: http://www.inc.com/30under30/2010/profile-brian-chesky-joe-gebbia-nathan-blecharczyk-airbnb.html

[3] SXSW: http://www.inc.com/articles/201103/airbnb-mobile-app-stands-out-at-sxsw.html

[4] TechCrunch: http://techcrunch.com/2011/05/30/airbnb-has-arrived-raising-mega-round-at-a-1-billion-valuation/

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