Is Airbnb Really Worth $10B? New Investors Think So

by • March 24, 2014 • Finance & Lending, Hotel & HospitalityComments (1)2911

Image via Airbnb.com

Image via Airbnb.com

Word on the street is that home-rental startup Airbnb is closing a round of funding that will value the company at $10 billion.

According to the WSJ, Airbnb is in “advanced talks” to raise an additional $400 million to $500 million at the $10 billion valuation.  The startup has seen more than 11 million guests stay on the platform since being launched in 2007  and has already raised more than $300 million in funding.

TPG Capital, a private-equity firm based in Forth Worth, is expected to be the lead investor.  TPG was co-founded by Jim Coulter, the sponsor of Idea Village’s Coulter IdeaPitch at New Orleans Entrepreneur Week.

The Coulter IDEApitch is an invitation-only investment pitch featuring select high-growth entrepreneurs in the New Orleans region presenting their ventures to world-class investors.  This year, local entrepreneurs Dinner Lab, mSchool, and Zlien have been selected.

Antigravity Magazine recently published a great overview of the legalities surrounding the company’s operations in New Orleans.

What do you think, is Airbnb worth $10 billion?

 

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One Response to Is Airbnb Really Worth $10B? New Investors Think So

  1. […] move comes at a time when Airbnb has a reported $10 billion valuation, which means its now time for the company to play by the […]

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