Airbnb closed another $1 billion round of funding, the company noted in a SEC filing on Thursday. At the time, a source close to the company told Forbes that the total round would reach $850 million, but clearly Airbnb had little trouble surpassing it. Recently, Airbnb has decided to use its billions in venture capital funding to start making investments and acquisitions of its own. The company recently bought payments startup Tilt and vacation rentals manager Luxury Retreat for hundreds of millions of dollars combined. The new funding raises Airbnb's valuation above $30 billion, which puts it roughly equivalent to hotel giant Marriott International.

Source: Forbes March 09, 2017 18:26 UTC