Friday tends to be the slowest weekday for funding news. Today was the exception.
Airbnb reportedly raised a massive $500 million funding round, which VentureBeat’s Jordan Novet joked would be just enough to snap up a cozy Manhattan studio. But seriously, private company financings rarely reach that half-billion dollar territory. If today’s report was indeed accurate, Airbnb would carry a valuation north of $10 billion. Those shareholders can probably afford a Manhattan penthouse or three.
We’ve got the details on the Airbnb funding and a few others in today’s edition of Funding Daily.
Home-rental company Airbnb has reportedly closed a huge $500 million funding round ahead of a possible public offering later this year.
Last month, the Wall Street Journal reported that the company was seeking more capital, with a whopping $10 billion valuation. TechCrunch reported the closure of the round today, saying TPG was leading it.
Before this new round, Airbnb had raised $326 million since its establishment in 2008.
Read more on VentureBeat: Airbnb reportedly takes $500M megaround, enough to buy a small studio in Manhattan
OmieLife raises $520K for healthy kid food
OmieLife, a consumer-products startup in San Francisco, has raised a $520,000 funding round, according to a filing today with the U.S. Securities and Exchange Commission. Founded last year, the company is in stealth mode, but we know its upcoming product line is intended to help parents offer their kids healthy lunch options. Nancy Yen, OmieLife’s founder and CEO, formerly handled product planning at research firm LexisNexis.
Huninn Mesh Networks raises $325K
Huninn Mesh Networks, a startup building hardware to hook sensors and connected devices in a home to the Internet, has raised $325,000 out of a $10 million round, according to a filing today with the U.S. Securities and Exchange Commission. The San Francsico-based startup been around since 2011. The startup claims that each hardware unit can support thousands of devices.