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.
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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.