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Airbnb just raised a massive $1 billion funding round that values the company at around $31 billion

Airbnb has closed a recent $1 billion Series F funding round that values the home-rental startup at around $31 billion, according to a Thursday SEC filing.

Airbnb cofounder and CEO Brian Chesky

Airbnb has closed a $1 billion Series F funding round that values the home-rental startup at around $31 billion, according to a Thursday SEC filing.

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CNBC was the first to report the closing of the round.

Airbnb raised

Airbnb got its start in 2008 when its founders set up an air mattress in their apartment living room and rented it out to visiting tourists. Now nearly 10 years later, Airbnb has expanded from a cheap air mattress in a crowded city apartment to renting out townhouses in Tuscany or geodesic domes in Californias.Additional reporting by Biz Carson.

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