According to published reports, a group led by private-equity firm TPG has finalized an agreement to invest $450 million in Airbnb valuing the home-rental site at $10 billion.
The investor group also includes investment firm Dragoneer Investment Group, mutual fund T. Rowe Price Group and venture-capital firm Sequoia Capital.
Founded in August of 2008 and based in San Francisco, California, Airbnb is a trusted community marketplace for people to list, discover, and book unique accommodations around the world – online or from a mobile phone.
Whether an apartment for a night, a castle for a week, or a villa for a month, Airbnb connects people to unique travel experiences, at any price point, in more than 34,000 cities and 192 countries. And with world-class customer service and a growing community of users, Airbnb is the easiest way for people to monetize their extra space and showcase it to an audience of millions.
Please note that this piece of work originally appeared in English at https://www.vcnewsdaily.com/Airbnb/venture-funding.php. As Investocracy aims to bring global startup news and updates in both English and Japanese to you, it’s important that we attribute original source to you. If you have any questions/concerns please write to us at email@example.com