Airbnb files $555M round with the SEC led by Google Capital and TCV

Airbnb formally filed a Form D with the Securities and Exchange Commission this afternoon asserting that it had raised $555,462,180 in an equity deal.

Last month, TechCrunch independently verified that Airbnb had filed a 28-page doc with the State of Delaware indicating that it had intentions to elevate additional late-stage capital. At the time, Equidate speculated that the agency was making an attempt to close an $850 million round. The Form D filed at current is obtainable in beneath that price. However, in line with sources close to the agency, Airbnb has not however closed the round. The agency has the functionality to increase the ceiling to the distinctive $850 million decide. It is relatively frequent for firms to file with the SEC preemptively with flexibility remaining for final deal phrases to range in the near future.

It stays unclear at this stage whether or not or not the valuation of the agency stays the $30 billion speculated alongside the $850 million round. If so, it could signal a change in the worth of the round. A additional concrete valuation shall be additional cheap as quickly as the deal formally closes. If the valuation is appropriate, Airbnb would switch up one place on the Unicorn Leaderboard to turn into the fourth most helpful private startup.

A laundry itemizing of merchants have taken half in Airbnb rounds thus far. This includes a $1.5 billion Series E the agency closed remaining yr. The agency was valued at $25.5 billion at the time of that round. In the months after, it took a notable billion-dollar credit score rating college.

In phrases of strategic merchants, the WSJ notes that Google Capital and Technology Crossover Ventures (TCV) are essential the deal. This wasn’t denied by our provide close to the agency. Representatives from Google Capital and TCV are normally not anticipated to affix the board of directors of Airbnb. Both of these merchants are new to the agency and are possible to present consideration to growth-stage rounds.

All of this comes amidst a never-ending stream of regulatory challenges for the agency. Not solely is Airbnb at the second embroiled in a approved battle with the City of San Francisco, it is dealing with new European pressure this week as the metropolis council of Barcelona is asking residents to report illegal leases. While Airbnb is not going to be choked for cash, an absence of worldwide consensus round regulating long-term leases does not current a clear runway for the rising outdated unicorn to IPO.

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