Airbnb, a San Francisco, CA-based online marketplace for lodging homestays and tourism experience, received $1 billion in debt and equity financing.
Silver Lake and Sixth Street Partners participated in the round via a combination of debt and equity securities.
The company intends to use the funds to invest over the long term in its community of hosts who share their homes and experiences, as well as the work to serve all stakeholders in the Airbnb community.
Led by Brian Chesky, Co-Founder, CEO and Head of Community, Airbnb Started in 2008 by CEO and Head of Community Brian Chesky, Airbnb is a two-sided marketplace that generates real money for millions of regular people who share their homes and host experiences. Silver Lake and Sixth Street Partners funds’ investment will include $5m which Airbnb will contribute to its Superhost Relief Fund, which will provide grants worth a combined total of $15m to Superhosts who rent out their own home and need help paying their rent or mortgage, as well as long-tenured experience hosts trying to make ends meet.
FinSMEs
08/04/2020