Airbnb Secures $1.5B Led by General Atlantic, Others

June 29, 2015 5:40 AM

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Airbnb Secures $1.5B Led by General Atlantic, Others

Airbnb Inc has raised $1.5 billion in a funding round led by US private equity firm General Atlantic, along with participation from Hillhouse Capital, Tiger Global, Wellington Management, Baillie Gifford, T. Rowe Price Group Inc. and Fidelity Investments.

The latest fundraising round brings the company’s valuation to $25.5 billion. Morgan Stanley, an American multinational financial services corporation is acting as the adviser to the deal. Along with the American firm, other participants were Singapore’s Temasek Holdings, Kleiner Perkins Caufield & ...

Also read: Uber Rival Grab’s Fundraising Values It at $6 Billion

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