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DST to Invest in Airbnb Apartment Rental Service

Files under: News, Web 2.0
Posted by: admin @ 04:58 [31. 05. 11]

Russian Yuri Milner‘s firm DST, which recently raised $1 billion for DST Global 2, is joining $100 million round investment in Airbnb at $1 billion valuation. The round is led by Andreessen Horowitz, according to TechCrunch.

There is a recent influx of Russian online travel agencies (OTA) such as Oktogo.ru, Travelmenu, HipClub, Ostrovok.ru and travel meta-search engine Jizo.ru, which has to compete with global OTA such as Booking.com, Hotels.com and Airbnb.

Airbnb was founded by Nathan Blecharczyk (CTO), Brian Chesky (CEO) and Joe Gebbia (CPO) in 2007.

Airbnb raised $7.2 million from Sequoia Capital, Greylock, SV Angel, Ashton Kutcher and Youniversity Ventures.

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