Airbnb has raised more than $100 million in a fresh round of fundraising, valuing the startup at the same $25.5 billion as it was in June when it had raised $1.5 billion.
An investor slide deck viewed by the Wall Street Journal’s Rolfe Winkler states that Airbnb generated $2.2 billion in bookings in the third quarter, and $340 million in revenues. Guests booked 23.8 million nights in the third quarter, compared with 11.3 million in the same quarter last year.
The company targets a revenue of $900 million for this year after projecting $825 million for the fund-raising completed in July. Further, a source close to the company said that it is close to attain profitability- most likely by 2016.
The fact that this round has been raised at the same valuation as the previous round, indicates that unicorns, or private tech companies worth $1 billion or more are finding it difficult to convince investors to buy shares at continuously increasing valuations.