Airbnb raises another $850 million

Airbnb is now worth $30 billion.
 By 
Emma Hinchliffe
 on 
Airbnb raises another $850 million
AMSTERDAM, NETHERLANDS - MAY 24: Nathan Blecharczyk, CTO Airbnb, talks about his expansion plans for Europe druing the kick-off of Startup Fest Europe.  (Photo by Michel Porro/Getty Images) Credit: Getty Images

Airbnb is raising another $850 million, valuing the company at $30 billion, Bloomberg reported.

The news stems from a late July filing in Delaware.

One year ago, the sharing economy powerhouse was worth $25.6 billion, according to Equidate.


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Not including its most recent influx of cash, Airbnb has raised $2.39 billion since its 2008 launch. The additional $850 million brings that to just over $3.2 billion.

The funding round is also part of a continued effort to avoid going public, the Wall Street Journal noted.

And comes at a time when Airbnb, which lets members rent out and book each other's rooms or homes while traveling, is still battling with cities like San Francisco over its ever-growing presence and subsequent effects on the housing and hotel markets. More and more cities and states are now trying to tax Airbnb, too.

Topics Airbnb

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Emma Hinchliffe

Emma Hinchliffe is a business reporter at Mashable. Before joining Mashable, she covered business and metro news at the Houston Chronicle.

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