Select Page

Equidate. The new growth-equity round is led by Alphabet Inc.’s Google Capital, and Technology Crossover Ventures, The Wall Street Journal reported. Airbnb has previously raised nearly $3.4 billion in multiple equity and debt funding rounds from leading venture capital investors and financial institutions. As part of this private offering round, early Airbnb employees were reportedly offered the opportunity to cash out about $200 million, through an employee share buy-back program. In June this year, Airbnb raised $1 billion in debt funding led by JP Morgan Chase to support its growth without diluting its valuation and earlier venture capital investors, and to delay an IPO until public market conditions are more favorable. Founded in 2008 by Brian Chesky (CEO), Joe Gebbia (CPO), and Nathan Blecharczyk (CTO), Airbnb is a community marketplace for people to list, discover, and book unique accommodations around the world — online or from a mobile phone or tablet. “Whether an apartment for a night, a castle for a week, or a villa for a month,” Airbnb connects people to unique travel experiences, at any price point, in more than 34,000 cities and 191 countries. Google Capital is the late-stage growth venture capital fund financed by Alphabet Inc., and based in San Francisco. Founded in 2013, it focuses on larger, growth stage technology companies, and invests for profit rather than strategically for Google. Since 2013, Google Capital has invested in nearly two dozen companies, in areas such as big data, financial technology, security, and e-learning. In 2013, Google Capital announced its first two investments in SurveyMonkey, a cloud-based online survey and questionnaire tool, and Lending Club, a peer-to-peer lending company based in San Francisco. In 2014, Google Capital made private investments in an additional nine companies, including the Bangalore-based online real estate startup CommonFloor, Freshdesk, a San Francisco-based customer support platform, Credit Karma, a free credit and financial management platform, and China-based optical component company, Innolight. In April 2015, Google Capital announced an investment in ZenPayroll. In September 2015, Google Capital announced an investment in Oscar Health Insurance Corp., a U.S.-based health insurance startup. In March 2016, Google Capital invested in India-based Girnar Software, owner of CarDekho and many more portals. In July 2016, Google Capital made its first investment in a public company, becoming the largest shareholder in online care portal Care.com.]]>