Airbnb Says Today’s $117M Form D Filing Is Part Of Series B Financing [Update]

Next Story

AT&T’s Q3 2012: Revenues Of $31.5B, Earnings Of $0.60/Share, Postpaid Smartphone Adoption Surges To 63.8%

In September we broke the story about how the short-term accommodation-sharing site Airbnb was in the process of raising a significant third round of around $100 million. A Form D filed with the SEC today shows that it’s raised north of that: $117 million (or $117,051,696, to be exact). Airbnb says that this filing, although made only today, is part of last year’s Series B. The company has raised over $230 million to date.

Here is Airbnb’s statement on today’s funding:

Airbnb filed a Form D today with the Securities and Exchange Commission covering the company’s issuance of shares of its preferred stock as a part of its Series B financing, which initially closed over a year ago, on July 22, 2011. Today’s filing was a customary notification related to the company’s prior Series B financing, and is unrelated to any other financing that the company has undertaken or may choose to undertake in the future.

While the spokesperson declined to comment on future funding, the WSJ reported last week that Peter Thiel could be investing up to $150 million in the company. We have been hearing that Peter Thiel is, in fact, among the interested investors, and that the $150 million figure is correct. We’ve also heard that the total round will be $200 million, with a valuation of $2.5 billion. We’re still looking into whether Thiel’s $150 million will come from Thiel, his Founders Fund investment firm, or a combination of the two.

Previous backers of the company include Sequoia, Andreessen Horowitz, General Catalyst, Crunch Fund, Ashton Kutcher and more. The Form D lists Greg McAdoo from Sequoia and Jeff Jordan from Andreessen Horowitz as two of its directors.

When we first reported the news of the newest round, we had said that it would value the company at between $2 billion and $3 billion.

If correct, that could quite possibly make Airbnb the most valuable of the collaborative consumption / “sharing economy” companies out there, and almost certainly the most valuable one focused on accommodation.

Separately, Airbnb filed a second Form D that noted a raise of just under $1.6 million made earlier in the year. Both are a mixture of debt and equity filings.

In June, the company reported that it had taken 10 million bookings worldwide for room and house sharing on its site to date. The company takes a 10% commission on each booking that’s made there.

The company has not disclosed revenues publicly, and hasn’t talked about what the average price for a night’s stay is, but if the average rates are between $70 and $100, that could point to revenues of between $168 million and $240 million.

More to come. Refresh for updates.