Pursuits
Airbnb Venture Funding Is Said to Value Startup at $1.3 Billion
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Airbnb Inc., the website that lets homeowners turn extra bedrooms into vacation rentals, raised $112 million in a funding round led by venture capital firm Andreessen Horowitz.
The investment values the San Francisco-based company at $1.3 billion, said a person with knowledge of the matter, who declined to be named because the valuation wasn’t made public. Russia’s Digital Sky Technologies and venture firm General Catalyst Partners participated in the financing.