Airbnb may raise a massive $500 million round with a valuation of $10 billion, according to an anonymously sourced report from the Wall Street Journal.
Airbnb is said to be raising between $400 million and $500 million, led by TPG, a massive firm that has funded companies ranging from Burger King to J. Crew. If true, this round will bring Airbnb’s total funding to between $726 million and $826 million — the firm previously raised $326 million since its founding in 2008. An Airbnb spokesperson declined to comment on the news. TPG did not immediately respond to VentureBeat’s request for comment.
Correction: A previous version misnamed TPG Capital.
Founded in August 2008 and based in San Francisco, California, Airbnb is a community marketplace for people to list, discover, and book unique spaces around the world online or from an iPhon... All Airbnb news »