Apartment Sharing Site Airbnb Raises $112M
Venture Beat, Monday, July 25, 2011 12:28 PM
Apartment sharing start-up Airbnb has raised $112 million -- at a $1.3 billion valuation -- led by Andreessen Horowitz. Andreessen reportedly put up $60 million, while $40 million came from DST, $5 million from General Catalyst, and the rest from previous investors and Amazon CEO Jeff Bezos. The round is the second for the company, bringing its total amount raised to date to $119.8 million.
Read the whole story at Venture Beat »
"The San Francisco company lets people travel to places more affordably by letting them book apartments from people around the world," VentureBeat notes. "Over the past three years, we've built a community marketplace for unique properties and brought it into the mainstream and into almost every country on the planet," Brian Chesky, co-founder and CEO of Airbnb, said in a statement.
Airbnb currently has more than 2 million nights booked -- more than double its rate of bookings just four months ago, according to VentureBeat. Its Web site, meanwhile, receives over 30 million views per month and the number of Airbnb social connections has tripled to 54 million since the launch of that feature in May.
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