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Airbnb raises more than $100 million at same $25.5 billion valuation

Nov 21, 2015, 01:45 IST

Kimberly White/Getty

Home-sharing site Airbnb has raised more than $100 million in a fresh round of fundraising, valuing the startup at the same $25.5 billion mark where it raised this past summer, according to the Wall Street Journal.

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An investor slide deck viewed by the Wall Street Journal's Rolfe Winkler said the company had bookings of $2.2 billion, double where it was a year ago. The company also generated $340 million in revenue in the third quarter, according to the Journal.

That's on track with what the company had reportedly projected earlier this year. The startup raised $1.5 billion this summer in a Series E round, which valued the company at $25.5 billion, because of its high revenue projections. As reported in June, Airbnb expects $850 million in revenue and an operating loss of about $150 million this year as it pushes to expand its services to new parts of the world and fights regulators over taxes and lodging laws.

Airbnb has raised $2.34 billion to-date, according to Pitchbook data.

The Wall Street Journal reported that the round has closed, although no investors have been identified.

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NOW WATCH: You can get a room in NYC for $39 a night on Airbnb - you just have to sleep in a van in Queens

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