Deals

Airbnb rumored to raise $500M in new round led by TPG Capital

Above: Airbnb HQ

Image Credit: Airbnb
NOTE: GrowthBeat -- VentureBeat's provocative new marketing-tech event -- is next week! We've gathered the best and brightest to explore the data, apps, and science of successful marketing. Get the full scoop here, and grab your tickets while they last.

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.

More information:

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 iPhone device. Whether the available space is a ca... read more »

Powered by VBProfiles