Travel marketplace Airbnb raises $112 million
Airbnb, an online marketplace where travelers can find and book places to stay around the world, has picked up $112 million in financing, a move designed to help it grow in the U.S. and abroad.
The company will use the $112 million in Series B financing from investors Andreessen Horowitz, DST Global, and General Catalyst to enhance its U.S. online community and expand and hire more people internationally. This latest round of capital adds to the $7.2 million raised on behalf of Sequoia Capital and Greylock in November, bringing the total investment to $119.8 million.
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