Published On: Fri, Mar 10th, 2017

Airbnb Raises $1 Billion in Latest Round of Funding

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From left Airbnb founders Joe Gebbia, Nathan Blecharczyk and Brian Brian Chesky

 

Airbnb Inc, the home-sharing service ,closed another $1 billion round of funding valuing the company at $31 billion. The company noted in a SEC filing on Thursday. This funding figure is up from the $555 million the company declared in September.

The San Francisco-based firm has entered into venture capital funding and start making investments and acquisitions of its own. The company recently bought payments startup Tilt and vacation rentals manager Luxury Retreat.

Airbnb Paid $200 Million for Canadian Rival Luxury Retreats, Report

The company operates in more than 65,000 cities, has enjoyed tremendous growth as it pushes ahead with its plans of global expansion. The company takes a 3% cut of each booking and a 6% to 12% service charge from guests.

 

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