Airbnb has reportedly raised at least $100 million in a new funding round, the Wall Street Journal reported. The investment leaves the unicorn’s valuation unchanged, according to the Journal, at $25.5 billion.
This news arrives as Airbnb faces criticism for both its responsibility to keep users safe and its role in San Francisco’s housing crisis.
The report detailed that Airbnb has forecasted “revenue of $900 million this year after previously projecting $825 million during a fundraising completed in July.” The company reportedly brought in $340 million in revenue during the last quarter alone, “on bookings of $2.2 billion” — but don’t expect Airbnb to generate a profit until 2017, the Journal said.
VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative enterprise technology and transact. Learn More