Airbnb raising more cash at $30 billion valuation

In its latest cash grab, home-sharing giant Airbnb is aiming to hit “unicorn” status 30 times over.

The San Francisco-based company is raising a new round of funding at a $30 billion valuation “to support new investments and growth opportunities,” a source close to the company told SiliconBeat. The source wouldn’t say how much money Airbnb is targeting.

The New York Times first reported the news.

Airbnb is valued at $25.5 billion now, and the new round would make it the third most valuable private company in the world — behind Uber and Chinese smartphone maker Xiaomi, according to data from venture capital database CB Insights. The boost to $30 billion would push Airbnb past Didi Chuxing, Uber’s Chinese ride-hailing rival, which is valued at $28 billion after announcing it raised $7.3 billion earlier this month.

Airbnb has tripled its valuation in three years — it was worth $10 billion in 2014, according to CrunchBase data. The company has raised $3.39 billion since 2009 from notable investors including Sequoia Capital, Greylock Partners and Andreessen Horowitz. Airbnb raked in $1 billion in debt financing via a bank loan earlier this month.

Photo: Screen shot of the Airbnb website. (Airbnb)

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