Total amount raised
$11.3 Billion
Latest funding date
11/1/2020
Location
Airbnb has successfully raised significant funding through 25 rounds, with notable investors including BlackRock and Benefit Street Partners. The platform offers a variety of services, including vacation rentals and unique experiences.
Keep reading to explore the intricacies of Airbnb's fundraising journey and the investors backing this innovative platform.
What Is Airbnb?
Airbnb, founded in 2008, is a prominent player in the hospitality and travel industry. Headquartered in San Francisco, California, the company has grown to employ between 5001 and 10000 people.
As an online community marketplace, Airbnb enables users to list, discover, and book accommodations through mobile phones or the Internet. The platform also offers unique experiences and services, making it a versatile option for travelers worldwide.
How Much Funding Has Airbnb Raised?
- Debt Financing
- Amount Raised: USD 1,000,000,000
- Date: April 2020
- Lead Investors: Not specified
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To create a financial cushion to help the company grow and pay bills as the global coronavirus pandemic reduces travel demand.
- Private Equity
- Amount Raised: USD 1,000,000,000
- Date: April 2020
- Lead Investors: Silver Lake, Sixth Street
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To bolster financial stability and manage expenses during the pandemic, which has significantly impacted the travel industry and delayed the company's IPO plans.
- Secondary Market
- Amount Raised: USD 25,000,000
- Date: December 2019
- Lead Investors: Not specified
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity for early investors and employees.
- Secondary Market
- Amount Raised: Not publicly disclosed
- Date: August 2019
- Lead Investors: Not specified
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity for early investors and employees.
- Series G
- Amount Raised: Not publicly disclosed
- Date: June 2019
- Lead Investors: Not specified
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand business operations and invest in new technology.
- Convertible Note
- Amount Raised: USD 12,000,000
- Date: December 2018
- Lead Investors: VERSO Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To strengthen financial stability and support growth initiatives.
- Series F
- Amount Raised: Not publicly disclosed
- Date: November 2018
- Lead Investors: Not specified
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand business operations and invest in new technology.
- Secondary Market
- Amount Raised: Not publicly disclosed
- Date: September 2018
- Lead Investors: Not specified
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity for early investors and employees.
- Secondary Market
- Amount Raised: Not publicly disclosed
- Date: January 2018
- Lead Investors: Not specified
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity for early investors and employees.
- Series Unknown
- Amount Raised: Not publicly disclosed
- Date: December 2017
- Lead Investors: CapitalG, TCV
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand business operations and invest in new technology.
Total Amount Raised: USD 2,037,000,000. Current Valuation: Not publicly disclosed.
Key Investors
- BlackRock
- Details: BlackRock is a global investment management corporation. It is one of the world's largest asset managers, with a broad range of investment products.
- Investment Focus Areas: Equities, fixed income, real estate, alternative investments.
- Notable Investments: Apple, Microsoft, Amazon.
- Silver Lake
- Details: Silver Lake is a leading global technology investment firm. It focuses on large-scale investments in technology and tech-enabled industries.
- Investment Focus Areas: Technology, media, telecommunications.
- Notable Investments: Dell Technologies, Twitter, Alibaba Group.
- Benefit Street Partners
- Details: Benefit Street Partners is a credit-focused alternative asset management firm. It specializes in private debt, structured credit, and special situations.
- Investment Focus Areas: Private debt, structured credit, special situations.
- Notable Investments: Participated in the debt financing round for Airbnb.
- Sixth Street
- Details: Sixth Street is a global investment firm with a focus on long-term, flexible capital. It invests across various asset classes and industries.
- Investment Focus Areas: Technology, healthcare, consumer.
- Notable Investments: Airbnb, Spotify, Airbnb.
- CapitalG
- Details: CapitalG is the growth equity investment fund of Alphabet Inc. It focuses on investing in companies that are driving innovation and growth.
- Investment Focus Areas: Technology, healthcare, financial services.
- Notable Investments: Lyft, Stripe, Airbnb.
What's Next for Airbnb?
Airbnb's future holds significant opportunities, particularly in leveraging additional capital through debt financing. With $2 billion raised in recent weeks, the company has substantial financial backing to navigate the pandemic's challenges. This liquidity allows Airbnb to maintain operations and explore new growth avenues, even as travel demand remains low.
Future fundraising efforts may continue to focus on private funding and debt financing, given the current economic climate. This strategy will help Airbnb sustain its operations until market conditions improve and travel demand recovers. However, the company faces challenges such as managing financial obligations and maintaining investor confidence amid a global economic downturn.
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