Airbnb Is Now the Third-Highest Valued Startup After Massive $1.5 Billion Funding Round

Grow Your Business, Not Your Inbox

Stay informed and join our daily newsletter now!
Will be used in accordance with our Privacy Policy
Airbnb Is Now the Third-Highest Valued Startup After Massive $1.5 Billion Funding Round
Image credit: Airbnb
1 min read
This story originally appeared on Business Insider

Home-rental site Airbnb filed a Form D with the SEC on Monday, confirming that the startup closed a $1.5 billion round in July.

The new round reportedly raises the startup's valuation to $25.5 billion.

The news was first reported in June by The Wall Street Journal. 

General Atlantic Inc., Chinese firm Hillhouse Capital Group and Tiger Global Management lead the round, according to the Journal. Also involved in the round are public funds like Wellington Management and Baillie Gifford, which invest in private companies ahead of IPOs.

An investor slide deck viewed by The Wall Street Journal's Rolfe Winkler said the company had bookings of $2.2 billion, double the level one year ago. The company also generated $340 million in revenue in the third quarter, according to the Journal. 

The home rental company last raised money in April 2014 at a $10 billion valuation. This round makes it the third-highest valued startup out there, after Uber and Xiaomi. 

More from Entrepreneur

Get heaping discounts to books you love delivered straight to your inbox. We’ll feature a different book each week and share exclusive deals you won’t find anywhere else.
Jumpstart Your Business. Entrepreneur Insider is your all-access pass to the skills, experts, and network you need to get your business off the ground—or take it to the next level.
Entrepreneur Store scours the web for the newest software, gadgets & web services. Explore our giveaways, bundles, "Pay What You Want" deals & more.

Latest on Entrepreneur

Entrepreneur Media, Inc. values your privacy. In order to understand how people use our site generally, and to create more valuable experiences for you, we may collect data about your use of this site (both directly and through our partners). By continuing to use this site, you are agreeing to the use of that data. For more information on our data policies, please visit our Privacy Policy.