Last year, vacation marketplace Airbnb filed SEC forms raising $555.5 million, and yesterday the company filed a new form D that has closed off its Series F with an additional $447.8 million, bringing the total to more than $1 billion — or $1,003,312,065, to be exact. Yesterday, it was reported that the company is now valued at $31 billion.
Note: The $31 billion is $1 billion higher than the $30 billion valuation Airbnb said it had when it closed the first tranche of this Series F round. Airbnb became profitable in the second half of 2016 and anticipates that it will be profitable in 2017 on an EBITDA basis.
The company has been tipped as one of the outsized tech startups that would go public this year, although this latest round gives it a lot more runway as a private company however, it’s been revealed that Airbnb has “no plans to go public anytime soon.”
Airbnb started as a marketplace for people with spare beds to connect with travelers who needed a place to stay but didn’t want or couldn’t afford a hotel and has expanded massively with a huge global network not just of spare beds but whole homes covering all budgets, as well as a new line of “experiences.”
