Digital

Airbnb Raising New Round of Funding at $10 Billion Valuation

Excerpt from Wall Street Journal

Mar 20, 2014 9:45 am

Skift Take

Airbnb’s valuation puts it on par or above it’s traditional hotel competitors, as well as ahead of profitable rival HomeAway, which has a market cap of $3.7 billion.

— Jason Clampet

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Airbnb Inc. is in advanced talks to raise funds that would value the online home-rental marketplace at more than $10 billion and place it among the world’s most valuable startups, according to several people familiar with the process.

Private-equity firm TPG is likely to lead the round, which could total between $400 million and $500 million, said two of the people.

At $10 billion, Airbnb would be valued more highly than some large hotel operators with which it competes. Wyndham Worldwide Corp., which manages 7,500 hotels under the Wyndham, Ramada and other brands, has a market value of $9.4 billion. Hyatt Hotels Corp. is valued at $8.4 billion.

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