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Airbnb is close to joining a rarefied group of startups: the 11-digit valuation club.
The couch-surfing company is close to raising more than $400 million in a new round of financing, a person briefed on the matter said Thursday. The fund-raising effort would value the six-year-old Airbnb at more than $10 billion.
Leading the round is TPG, which has already taken stakes in other Silicon Valley darlings like the car-ride service Uber.