Last month, Airbnb filed a 28-page document with the state of Delaware stating it had intentions to raise additional late-stage capital. Yesterday, the company filed a Form D with the Securities and Exchange Commission announcing that it had raised $555,462,180 in an equity deal.
Although, according to sources close to the company–Airbnb has not closed the round, yet. The home-rental company has the ability to increase the ceiling to around $850 million. In addition, the company has brought on Alphabet Inc.’s investment arm as a backer that values the company at $30 billion.
If the valuation is correct, it may lift the company to unicorn status. Moreover, employees who have been the with company for over four years, had the opportunity to sell common shares to investors. Around $200 million of employee stock was sold as part of the fundraising. Both Google Capital and Technology Crossover Ventures led the round.
As a result, the company was valued at $105 a share–which, is higher than the $93.09 a share investors paid last year. The company will now have more funds to spend on expansion overseas and give employees the choice to get some cash for their shares. Currently, Airbnb is available in 34,000 cities throughout the world.Opinions expressed here are the opinions of the author. Influencive does not endrose or review brands mentioned.