Airbnb on Thursday completed an equity funding round of $1
billion, the company said in a Security and Exchange Commission (SEC) filing.
Along with Airbnb principals, the filing listed executives
with venture capital firms Sequoia and Andreessen Horowitz, though didn't
provide further information.
The funding round values Airbnb at $31 billion, Tech Crunch
reported, citing people familiar with the process.
An Airbnb representative didn't immediately respond to a
request for comment on Friday morning.
Closely held Airbnb took out $1 billion in debt last year to
fund its continued growth. The company last month acquired Montreal-based
vacation-rental firm Luxury Retreats.
Airbnb, which has raised more than $3 billion since its 2008
founding, became profitable during the second half of 2016 and paid about $300
million for Luxury Retreats, making the company its largest-ever acquisition,
Bloomberg News reported, citing people familiar with the process.
For the year ended September 2016, U.S. Airbnb hosts more
than doubled their revenue to about $5.7 billion, according to a report
released Thursday by the American Hotel & Lodging Association.