Airbnb’s Latest Round Of Financing Pushes Valuation To $30B
Despite legal troubles in its S.F. hometown and NYC, Airbnb is pushing ahead with a new round of funding that will raise the firm’s valuation to $30B.
According to a disclosure filed with the State of Delaware, the home-sharing behemoth is raising $850M from unknown sources, Bloomberg reports. Last year Airbnb raised $1.6B. But with the funding disclosed in last week’s filing, Airbnb has raised about $3.2B in equity, according to Equidate.
Airbnb is currently facing increasing legal troubles, and a coalition of real estate landlords and developers recently wrote to NY Gov. Andrew Cuomo urging him to sign into law a bill that bans advertising units deemed illegal on online home-sharing sites. The move comes following a previous law that already makes home-sharing in NYC multifamily units illegal for periods of less than 30 days. [Bloomberg] [Equidate]
