Google in Airbnb's $555 mn funding round
26 Sep 2016
Airbnb has raised $555 million during a funding round, according to documents filed with the Securities and Exchange Commission (SEC), www.techtimes.com reported.
In August, rumours were doing the rounds that the company would file official documents with the State of Delaware, which revealed Airbnb's aim to attract more late-stage capital.
The Form D filed on 23 September lent support to the story, but according to insiders familiar with the matter Airbnb was far from closing the round. According to sources, the company might push the ceiling to a figure of $850 million.
According to commentators, it was rather standard procedure for ventures to file with the SEC preemptively, maintaining a flexible ceiling so that final deal terms could be tweaked even as the funding round was ongoing.
