Airbnb Confirms $1.5 Billion Funding Round

Airbnb confirmed in a filing with the Securities and Exchange Commission earlier reports that it raised nearly $1.5 billion in a Series E financing round.

The round, which valued Airbnb at roughly $25 billion, featured 115 investors including General Atlantic, Hillhouse Capital, and Tiger Global. Airbnb raised $675 million in 2014 in two separate rounds.

The raise pushes back discussion on a possible initial pubic offering by the apartment and home-sharing giant — for now. In July Airbnb hired Laurence Tosi as CFO from Blackstone in a move widely interpreted as preparation for an offering.

Airbnb’s fundraising prowess in travel, having raised a total of nearly $2.4 billion, is second only to Uber, which is engaged in a funding round seeking $2.1 billion in addition to the billions in funding and convertible debt it already raised in 2015.