DST, Yuri Milner’s Russian investment firm, has decided to join a USD 100 million investment round in AirBnB. The round, led by Andreessen Horowitz, is considered to be a USD 1 billion plus valuation.
AirBnB (www.airbnb.com)
AirBnB is an online travel agency that offers overnight stays in apartments and homes, opposed to hotels, around the world. The service will allow you to offer your home for rent or schedule a stay.
To date, almost 2 million bookings have taken place on the site and their service grew 800% last year. Rentals can be for one night or for a month, or anything in between.
AirBnB was established in 2008 and is headquartered in San Francisco, California. Their service provides accommodations in 13,000 cities in 181 different countries.
The website, as of April 2011, receives almost a quarter million unique visits per month.
In June 2011, AirBnB acquired ownership of Accoleo.
17/06/2011
Central & Eastern Europe, Investment, Private Equity News, Tourism, Restaurants & Leisure, USA