Monday, April 21, 2014

TPG Capital Backs Airbnb In $475M Round

Austin- and Fort Worth-based private equity investor TPG Capital is behind a new, $475M investment in room and housing marketplace provider Airbnb, according to reports Monday. According to the WSJ and other sources, Airbnb closed a $475M preferred equity investment that values Airbnb at around $10 billion, which was led by TPG Capital, and also included Dragoneer Investment Group, T. Rowe Price and Sequoia Capital. TPG Capital has bet big on the new, smartphone-driven, peer-to-peer marketplace industry, having also recently backed Uber in a $361M funding round for the other, hot marketplace startup. More information »