As part of the funding efforts, Airbnb is allowing some employees to sell stock, which will total about $200 million. Photo: BloombergSan Francisco: Airbnb Inc. said it has raised $555.5 million in new funds as the company, which lets people rent out their homes to travelers, expands around the world. Bloomberg reported last month that Airbnb was seeking up to $850 million in new funding at a $30 billion valuation. Google Capital and Technology Crossover Ventures are lead investors in the round, people familiar with the matter said. As part of the funding efforts, Airbnb is allowing some employees to sell stock, which will total about $200 million, one of the people said.

Source: Mint September 23, 2016 09:45 UTC