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Airbnb Is in Advanced Talks to Raise Funds at a $10 Billion Valuation

Airbnb Is in Advanced Talks to Raise Funds at a $10 Billion Valuation

Posted by Liliana Castaño on March 20, 2014

Airbnb Inc. is in advanced talks to raise funds that would value the online home-rental company at more than $10 billion and place it among the world's most valuable startups, according to several people familiar with the process.

Private-equity firm TPG is likely to lead the round, which could total between $400 million and $500 million, said two of the people.

At $10 billion, Airbnb would be valued more highly than some large hotel operators with which it competes. Wyndham Worldwide Corp. WYN -0.91% , which manages 7,500 hotels under the Wyndham, Ramada and other brands, has a market value of $9.4 billion.Hyatt Hotels Corp. -0.35% is valued at $8.4 billion.

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