Airbnb closes $1B round at $31B valuation
After the vacation marketplace Airbnb last year filed SEC forms raising $555.5 million, today the company filed a new form D that has closed off its Series F with an additional $447.8 billion, bringing the total to over $1 billion – or $1,003,312,065 billion to be exact. Techcrunch has confirmed with sources close to the company that it is now valued at $31 billion.
Note: the $31 billion is $1 billion higher than the $30 billion valuation Airbnb said it had when it closed the first tranche of this Series F round.
Airbnb turned profitable in the second half of 2016 and anticipates that it will be profitable in 2017 on an Ebitda basis, the source tells us.Read the full article on TechCrunch