Privately held AirBNB is reported to be raising USD 450 million in funding. The money will be sourced from investors including TPG Capital in a financing round that would value the room-sharing service at more than $10 billion.
The closely held San Francisco-based company, which is backed by venture-capital firms including Sequoia Capital, Greylock Partners and Founders Fund, was last assigned a value of $2.5 billion by its investors in 2012.
At $10 billion, Airbnb would join the ranks of the most highly valued private U.S. technology companies, which includes Dropbox Inc. and Palantir Technologies Inc. It would also be worth more than twice as much as publicly traded vacation-rental site HomeAway Inc and would rank AirBNB at the top of our top 20 most valuable property portal companies list.