Global News

Airbnb closes $1 billion funding round with war chest for growth

Airbnb closed a funding round of more than $1 billion, valuing the home-sharing start-up at about $31 billion, according to three people familiar with the company. In December, Bloomberg first reported the companyÕs plans to increase the funding it was seeking by authorising the sale of an additional $153 million in equity. Investors include Alphabet investment arm CapitalG and Technology Crossover Ventures.

Airbnb
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