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Airbnb raises $1.5 billion at valuation of $25.5 billion

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

According to reports from the Wall Street Journal and Financial Times, Brian Chesky, CEO of Airbnb home-rental service, agreed to a $1.5 billion fundraising to boost the company’s valuation to $25.5 billion.

The funds from Hillhouse Capital, General Atlantic, and Tiger Global, among others, will be used to squeeze a booming demand for the service in Asia.

If Airbnb’s funding round succeeds, it would match the biggest equity investment round for a private technology company since 2011 when Facebook raised $1.5 billion.

Financial Times points to a new fundraising strategy of the rich and famous: Last week, data analytics software company, Palantir,  revealed its interest in raising hundreds of millions of dollars, which would value the company at $20 billion.
The Ridesharing app, Uber, is doing the same, looking for $1.5 billion investment that would make its valuation to $50 billion.
Uber’s Chinese rival, Didi Kuaidi, the country’s leading ride-hailing app, told shareholders it wishes to increase its $1.5 billion round. The funding would have valued the company at about $15 billion.

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