Deals

Airbnb officially closes its $475 million megaround

Above: Airbnb's new logo

Image Credit: Airbnb

Airbnb’s widely rumored $475 million funding round is now official: The company confirmed the raise in a public SEC filing today.

Named within the filing are previous investors Alfred Lin of Sequoia Capital and Jeff Jordan of Andreessen Horowitz. No investors from TPG, the previously reported leader of the round, were mentioned. VentureBeat has reached out to all three firms involved for further comment on the matter.

Founded in 2008, Airbnb has faced numerous legal battles in recent years. The city of Barcelona, for example, slapped Airbnb with a $40,000 fine last month for “illegal” rentals. The company has faced somewhat similar scrutiny in New York and San Francisco.

Airbnb also recently revamped its image with a controversial new logo and a redesigned experience on mobile and Web.

The new capital, raised in April, brings Airbnb’s total funding to $801 million. Prior to this round, Airbnb had raised $326 million over the course of five years.

Here’s the SEC filing, in full:

Jordan Novet contributed to this report.

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

24 comments
Tanvir Khandaker
Tanvir Khandaker

We have seen this show before many billions later twitter is struggling to become profitable sillicon valley has become a swamp with few alligators

Regina Marie Scolaro
Regina Marie Scolaro

I almost lost sight of the $801 Million....I have to admit it, I keep looking at the scrotum and vag*@a! Great news though, I'm a big fan.

Michael Burr
Michael Burr

These are the people who pay photographers $40 per property. More cheap millionaires.

Charles Smith
Charles Smith

Some see vag, some see sack. Must be one of those optimist/pessimist things.

Zserve Ninety
Zserve Ninety

Man that jsut looks like its gonna be cool1


www.TotalAnon.tk

Alex Perez
Alex Perez

Uh, can they use some money on a new logo and maybe test market it so it doesnt become the laughing stock of the internet?

David Geertz
David Geertz

It's official...they now have to do an IPO to even be close to exiting with anything as original shareholders. This won't end well.

Manish Patel
Manish Patel

You can work on cures for disease with that kind of money. Instead they will overpay programmers and hand out lush options and have really cool offices continuing the growth in the wealth gap.

Adam Sculthorpe
Adam Sculthorpe

If you don't stop posting that ugly logo in my feed I'm gonna block you.

Everette Slocum
Everette Slocum

Yes, really just needed further clarification of what the funds were for. Thanks for the explanation.

Jordan Coeyman
Jordan Coeyman

Hire people, create systems, build infrastructure, develop their product further with developers, designers.. It pays for peoples salaries, so it creates jobs. The list goes on. This is a good thing, no?

Chris Hacken
Chris Hacken

 They more than likely gave these investors an estimated IPO date, otherwise no one in their right mind would invest in a round this large.