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Funding Startup

Airbnb valued at $25bn+ after $100m raise

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By Ronan Shields, Digital Editor

November 21, 2015 | 2 min read

Airbnb has raised over $100m just months after raising $1.5bn with the latest round valuing the homesharing startup now valued at $25.5bn, according to reports.

The funding round brings Airbnb's total funding to $2.5bn, and was initially reported in the Wall Street Journal, and has since been reported extensively elsewhere with the San Francisco-based outfit tipped to hit profitability next year.

The revelations come as investors are beginning to express concerns over the ability of Silicon Valley-based startups to sustain their valuations after they list publicly, but the initial report also contains the details of a recent report claiming the home rental outfit generated $340m of revenue on $2.2bn in bookings during the third quarter of this year.

Last month it was also revealed that Airbnb is also moving beyond accommodation bookings by offering ‘hand-crafted’ package holidays in a new pilot service.

During September, Airbnb users who browse accommodation in the San Francisco area without following through with a booking will be invited to a beta test of a new holiday booking service called ‘Journeys’.

The invitation reads: “We’re reinventing travel - again - and we’d love you to be a part of history. During the first two weeks of December, we’re piloting a new Airbnb experience: handcrafted trips."

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