Airbnb Inc. is close to hiring Blackstone Group LP’s Laurence Tosi as chief financial officer of the home- sharing startup, according to people with knowledge of the matter.
Airbnb hasn’t had a CFO since Andrew Swain left the San Francisco-based company last year. Representatives for Airbnb and New York-based Blackstone declined to comment.
Tosi, 47, has been CFO of Blackstone since 2008. Since then, the world’s biggest manager of investment alternatives to stocks and bonds has doubled assets under management to $333 billion from $119 billion.
Airbnb in June was in talks to raise another round of financing at a $24 billion valuation. The company is projecting revenue of $900 million, up from $250 million in 2013.
This article was written by Devin Banerjee and Eric Newcomer from Bloomberg and was legally licensed through the NewsCred publisher network.