AAA Airbnb gets ready to raise another $153m

Airbnb gets ready to raise another $153m

Airbnb, the US-based short-term accommodation marketplace backed by internet and technology conglomerate Alphabet, has filed to raise another $153m in funding, according to a Delaware filing first spotted by CBInsights.

The filing indicates Airbnb has authorised the issue of new series F shares priced at $105 each, the same valuation at which it raised $850m from investors including CapitalG, the Alphabet subsidiary then known as Google Capital, in September this year, in a round that valued it at $30bn.

Airbnb’s online accommodation platform includes of more than 2 million listings across 191 countries, and it has been responsible for more than 100 million bookings.

Negative publicity surrounding racial profiling by users and concerns over gentrification have not affected the company’s growth, despite the prospect of regulatory hurdles springing up in some of its largest markets, such as New York, San Francisco and Berlin.

The valuation at which it last raised funding makes Airbnb the second most valuable venture capital-backed company in the US, behind only ride hailing service Uber. It has raised some $3.25bn in funding since it was founded in 2008.

Indications that the company is planning to raise more private capital likely mean it will probably not look to go public soon.

Existing Airbnb investors also include General Atlantic, Hillhouse Capital, Tiger Global Management, Temasek, Kleiner Perkins Caufield & Byers, GGV Capital, China Broadband Capital, Horizon Ventures, Wellington Management, Baillie Gifford, T. Rowe Price, Fidelity Investments, Firstmark Capital, Sequoia Capital, TPG, Dragoneer Investment Group, CrunchFund, DST Global, Founders Fund, Andreessen Horowitz, General Catalyst Partners and SV Angel.

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