Airbnb is expected to file SEC today, announcing it has raised $555 million of a likely $850 million round, valuing the company at $30 billion, as reported by Wall Street Journal. This will round out Airbnb’s total fundraising to more than $4 billion including $1 billion in debt financing received this summer and $1.6 billion equity raised last November.
The funding round was led by Google Capital and Technology Crossover Ventures, both new investors for the home-sharing network. In addition to the new cash, four-year employees were given the opportunity to to sell common shares to investors, selling about $200 million worth of the employee stock.
This funding round is expected to relieve the pressure of going public as they plan to spend on overseas expansion and overcome several regulatory issues that continue to plague the business.
The startup has now booked more than 100 million guests and is now worth more than Hilton, Hyatt and Marriott.