RoomsRentals & Shares

Airbnb looking at $150 million VC investment at $2.5 billion valuation

Skift Take

Will Airbnb be the next dot-bomb or a sustainable disrupter? Venture capitalist Peter Thiel and others are betting on the latter.

— Dennis Schaal

Online-accommodation rental service Airbnb Inc. is in discussions with venture capitalist Peter Thiel about a roughly $150 million investment that would value the start-up at around $2.5 billion, according to people familiar with the matter.

The sum nearly doubles the level reached last year, when the San Francisco-based company raised $120 million at a $1.3 billion valuation.

The terms of a deal are still in flux. Some existing Airbnb investors, including venture firms Andreessen Horowitz and Sequoia Capital, are also expected to participate in the round, these people said.

Tags: airbnb

Destination Mexico: The Evolution of Luxury Travel

Luxury travelers are looking for more than just posh accommodations and generic pampering. Savvy suppliers and tourism organizations are capitalizing on the desire for authentic experiences, as the sharing economy continues to present new ways to connect travelers with local culture.

Read More

Next Story

Loading...

Loading...