Airbnb Is Now the Third-Highest Valued Startup After Massive $1.5 Billion Funding RoundThe new round reportedly raises the startup's valuation to $25.5 billion.

ByBiz Carson•

This story originally appeared on业务Insider

Airbnb

Home-rental site Airbnb filed a Form D with the SEC on Monday, confirming that the startupclosed a $1.5 billion round in July.

The new round reportedly raises the startup's valuation to $25.5 billion.

The news was firstreported in Juneby The Wall Street Journal.

General Atlantic Inc., Chinese firm Hillhouse Capital Group and Tiger Global Management lead the round, according to the Journal. Also involved in the round are public funds like Wellington Management and Baillie Gifford, which invest in private companies ahead of IPOs.

An investor slide deck viewed by TheWall Street Journal's Rolfe Winklersaid the company had bookings of $2.2 billion, double the level one year ago. The company also generated $340 million in revenue in the third quarter, according to the Journal.

The home rental company last raised money inApril 2014 at a $10 billion valuation. This round makes it thethird-highest valued startup out there, after Uber and Xiaomi.
Based in San Francisco, Biz Carson is a tech reporter for Business Insider.

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