Airbnb may have its regulatory difficulties here and there but this isn't stopping investors from pouring money into the company so it can pick off a new market or two.
The home-sharing company Airbnb Inc. is raising $850 million, according to a disclosure filed with the state of Delaware.
The equity round values the San Francisco-based company at $30 billion, people told Bloomberg in June. The private stock market company Equidate provided Airbnb’s July 28 filing.
A spokesman for Airbnb declined to comment. The filing doesn’t disclose who is making the investment.
Airbnb has been restrained about how much capital it takes on compared with ride-sharing company Uber Technologies Inc., which has raised more than $15 billion in equity and debt. Airbnb and Uber are often discussed together because they were founded within a year of each other and have come to define the on-demand economy. Uber is valued at almost $68 billion.
In July 2015, Airbnb raised $1.6 billion at a $25.6 billion valuation, according to Equidate. With the $850 million disclosed in last week’s filing, Airbnb has raised about $3.2 billion in equity, according to Equidate.
Airbnb in June secured a $1 billion debt facility from JPMorgan Chase & Co., Citigroup Inc., Bank of America Corp. and Morgan Stanley.
To contact the reporters on this story: Eric Newcomer in San Francisco at [email protected], Ellen Huet in San Francisco at [email protected] To contact the editors responsible for this story: Jillian Ward at [email protected], Andrew Pollack, Alistair Barr
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Photo credit: Airbnb wants guests such as Darcy to 'embrace the adventure' of spontaneous travel. Investors are embracing the opportunity too. Airbnb / Facebook