SAN FRANCISCO (March 10): Airbnb raised more than a billion dollars in a fresh funding round that valued the home-sharing startup at US$31 billion ($44 billion), a source close to the company told AFP Thursday.
Airbnb added US$448 million to the US$555 million in funding it took in last year, according to a filing Thursday with the US Securities and Exchange Commission.
Airbnb became profitable in the second half of last year before accounting for interest, tax, depreciation and amortization, according to the source.
For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
