Airbnb raises $1Billion In New Funding -

Airbnb raises $1Billion In New Funding


Online room-renting service Airbnb Inc said on Thursday it had raised $1 billion in its latest round of funding, valuing the company at $31 billion.

The company raised $447.85 million as part of the funding, a source close to the company told Reuters. The company said in September it had raised about $555 million as part of the same round of funding.

Airbnb, which operates in more than 65,000 cities, has enjoyed tremendous growth as it pushes ahead with its plans of global expansion.

It will be recalled that the company which is based in San Francisco unveiled a new corporate logo on Wednesday (July 16, 2014) called “the Belo,” as part of a rebranding campaign.

This is another step in the right direction for the company.

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