WSJ: Airbnb closes $450M fundraising

|By:, SA News Editor

Airbnb has finalized a fundraising round of over $450M that values the company at $10B, the WSJ reports. The deal makes Aribnb, which enables people to rent their homes, sofas, rooms, castles and/or yachts to travelers, worth more than publicly traded hotel chains Wyndham Worldwide and Hyatt Hotels.

Private-equity firm TPG, mutual fund T. Rowe Price Group (TROW), venture-capital firm Sequoia Capital and Dragoneer Investment Group participated in the round.

The investment adds to the more than $300M that Airbnb has previously raised.