Airbnb’s Funding Round Led by Google Capital

September 23, 2016

September 23, 2016

Airbnb Inc. has brought on Alphabet Inc.’s growth-equity arm as an investor, part of an expected $850 million round that values the home-rental company at $30 billion, people close to the deal said.

In addition to the new cash, employees who have been with the company for more than four years had the opportunity to sell common shares to investors as part of the deal. Roughly $200 million of employee stock was sold as part of that fundraising, these people said.  Read more

Source: Nasdaq