Airbnb Reserves $7.2M


Airbnb, the San Francisco-based online and mobile marketplace for booking unusual accommodations such as rooms in private homes, said this week (PDF) that it has raised $7.2 million in Series A funding from Sequoia Capital and Greylock Partners. It’s the two-year-old startup’s first major cash infusion since collecting about $600,000 in seed funding from individual investors. The company also introduced a new iPhone app that lets guests book accommodation and helps potential hosts calculate the value of their spaces.

Wade Roush is Chief Correspondent and Editor At Large at Xconomy. You can subscribe to his Google Group or e-mail him at Follow @

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