Tag Archives: Airbnb

Airbnb closes $1 billion round

Commentary

After raising $555.5 million last year, vacation marketplace Airbnb raised an additional $447.8 million as it closed its Series F round. This brings its total round to $1 billion and raises the company’s valuation to a solid $31 billion. The investment comes in the wake of the recent Snap IPO, which raised questions about which other unicorn may go public this year. Although Airbnb looks ripe for an IPO in 2017, the company has no intention of going public anytime soon. After all, it already has billions in its war chest, enjoys operational flexibility and is profitable. Recently, the company used its billions to acquire payment startup Tilt and high-end vacation rental manager Luxury Retreat to improve its offerings. The new funding has made Airbnb the second most valuable, venture-backed tech start-up in the world after Uber.

Airbnb acquires Tilt

Commentary

Tilt (formerly Crowdtilt), the digital payments startup that lets individuals to share bills and collect payments from a group, has been acquired by Airbnb for a little over $60 million—a price tag that’s significantly less than its reported valuation of $400 million back in 2015. According to reports, Airbnb acquired Tilt for its product, but not its business. Founded in 2012, Tilt’s free app became a hit among students looking to raise money with friends as well as for splitting the bill. However, the company’s decision to focus on growing its user base instead of revenue has caused it to lose money. The acquisition will give Tilt an exciting new lease on life and allow Airbnb to expand its expertise around group travel.

Airbnb acquires ChangeCoin

Commentary

ChangeCoin, the startup that allows people to give and receive tips using bitcoin, has been acquired by Airbnb. The terms of the deal was not disclosed. Founded in San Francisco in 2014, ChangeCoin is a micropayment infrastructure for the Internet. Its first product, ChangeTip, allows people to tip each other using bitcoin via Twitter or Reddit. As part of the deal, Airbnb hired a number of ChangeCoin’s engineers. However, Airbnb did not acquire assets of intellectual property owned by the startup. This indicates the company is not about to incorporate bitcoin transactions in to its payment system.

You can read about the acquisition here.

Top 20 Transactions Deals for December 2014

Deal No. Amount Paid (USD) Company Investor/Buyer Sector Deal Type
1 $3,500,000,000 Trulia Zillow Transactions Acquisition
2 $1,650,000,000 Mercury Payment Vantiv Transactions Acquisition
3 $1,200,000,000 Uber Consortium Transactions Investment
4 $1,200,000,000 Uber Consortium Transactions Investment
5 $1,000,000,000 Ebates Rakuten Transactions Acquisition
6 $600,000,000 Uber Baidu Transactions Investment
7 $523,500,000 Jobstreet Seek Transactions Acquisition
8 $475,000,000 Airbnb Consortium Transactions Investment
9 $355,000,000 WeWork Undisclosed Transactions Investment
10 $350,000,000 Delivery Hero Consortium Transactions Investment
11 $260,000,000 Ticket Monster Groupon Transactions Acquisition
12 $250,000,000 SurveyMonkey Undisclosed Transactions Investment
13 $250,000,000 GrabTaxi SoftBank Internet and Media Transactions Investment
14 $250,000,000 Lyft Consortium Transactions Investment
15 $225,000,000 AvantCredit Consortium Transactions Investment
16 $210,000,000 Olacabs SoftBank Transactions Investment
17 $200,000,000 Viator TripAdvisor Transactions Acquisition
18 $200,000,000 LY.com Ctrip Transactions Investment
19 $200,000,000 LegalZoom Permira Transactions Acquisition
20 $195,000,000 China South City Holdings Tencent Transactions Investment

More information

  1. Zillow To Acquire Trulia In $3.5B Stock-For-Stock Deal (TechCrunch)
  2. Vantiv Buys Mercury Payment From Silver Lake for $1.65 Billion (Bloomberg)
  3. Uber Confirms New $1.2B Funding Round At $40B Valuation (TechCrunch)
  4. Uber Closes $1.2BN Financing Round (FinSMEs)
  5. Rakuten Buys Ebates For $1 Billion (TechCrunch)
  6. China’s Baidu Set To Partner With Uber And Reportedly Invest Up To $600M (TechCrunch)
  7. Australia’s Seek to Buy Jobstreet in $524 Million Deal (Wall Street Journal)
  8. Airbnb closes $475 million funding round (Fortune)
  9. WeWork raises $355M at nearly $5B valuation, plans IPO (VentureBeat)
  10. Delivery Hero, Hungry For Growth, Orders Up Another $350M In Funding (TechCrunch)
  11. Groupon’s $260M Acquisition Of Ticket Monster From LivingSocial Has Closed (TechCrunch)
  12. With M&A In Mind, SurveyMonkey Snaps Up $250 Million More In Funding (TechCrunch)
  13. GrabTaxi Receives US$250M Investment from SoftBank Internet and Media (FinSMEs)
  14. Lyft Raises $250 Million Series D To Fight The Car Wars (Forbes.com)
  15. Chicago-based AvantCredit announces $225 million in funding (Chicago Tribune)
  16. Olacabs raises $210 million from Japan’s SoftBank Corp; enters $1b Club (Economic Times)
  17. Travel Site TripAdvisor To Acquire Viator For Approximately $200M (Forbes)
  18. China’s Ctrip invests over $200 million in an online ticketing site (Tech In Asia)
  19. The $425M LegalZoom deal is a win for VCs, but less exciting for the company or LA (PandoDaily)
  20. Tencent Invests $195M In Logistics Firm China South City To Compete With Alibaba (TechCrunch)