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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[…] 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 […]