Airbnb Fetches $1 Billion Value
Contributed by: Email on 07/25/2011 09:07 AM
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The San Francisco Internet company, which offers a marketplace for people to book vacations in other people's homes, has raised a $112 million round of financing from Andreessen Horowitz, DST Global and General Catalyst. The investment values the company at $1.3 billion, according to a person briefed on the matter.
Airbnb's latest round comes amid rocketing investor interest for hot tech start-ups that are smaller than the likes of Facebook Inc. and Zynga Inc. but are growing fast.
Source: Wall Street Journal
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