Airbnb plans to use the financing to further feed its growth plans and international expansion, said these people, who spoke on condition of anonymity. Advertisement Continue reading the main storyA $30 billion valuation would make Airbnb the second-highest-valued start-up in the United States behind Uber, which is now valued at $62.5 billion, according to a list compiled by CB Insights. The equity funding comes in addition to a $1 billion debt facility that Airbnb has secured, according to a Bloomberg report this month. Start-ups like Airbnb and Uber have been garnering billions of dollars as they seek to expand globally. Airbnb, which lets users list their homes and apartments for short-term rentals, is in talks for a new round of investment that would value the company at about $30 billion, according to people briefed on the matter.

Source: New York Times June 28, 2016 18:11 UTC