AirBnB, the San Francisco based person-to-person rental startup for rooms, houses, and apartments has raised $112 million in Series B funding from a group of investors including Russian Internet investor DST Global, valuimg the company at a rumoured $1 billion. To date, the company has had two million nights booked through its service, and is on track for taking $25 million in net revenue on flow through revenues of about $500 million this year.
The company is a testament to the growing p2p (peer-to-peer or person-to-person) services that the internet is making possible from car share schemes, to office space shares. The huge organisational tasks of fitting people wanting a product or service with individuals offering those same products or services is possible with little overheads – and it is turning people making their own property more economically and often environmentally efficient – something we all stand to gain from.
[via GigaOm]