Looking For More Funding?

Well after last year when Airbnb managed to raise a $112 million deal in funding which valued the young company at $1.3 billion it may be that due to the huge increase in bookings that they maybe looking to raise again with a new round of funding.

This is according to TechCruch co-editor, Eric Eldon who mentioned this at the Techcrunch Disrupt conference in San Fransico, who let it slip.

Backed up with  Y Combinator’s owner Paul Graham who was an early investor and mentor in Airbnb, who recently commented “The total value of the companies we’ve funded is around 10 billion, give or take a few. But just two companies, Dropbox and Airbnb, account for about three quarters of it”

Just last year Dropbox was worth $4 billion and Airbnb was valued at $1.3 billion. So looking at Pauls figures,  that’s a 42 percent jump in their valuations as Y Combinator’s stake in companies is usually 7%.

With comments like that it is only going to help increase Airbnb’s quest for more funding. It will be intresting to see what they can raise and what they plan to do with it.

Watch this space.



'Looking For More Funding?' has no comments

Be the first to comment this post!

Would you like to share your thoughts?

Your email address will not be published.

All content and images are the copywrite of Philip and Fiona Morris