Airbnb raises $555 million at $30B valuation — and it's not done yet

SAN FRANCISCO — Airbnb has raised at least $555 million of an expected $850 million fundraising round at a $30 billion valuation, a person familiar with the situation told USA TODAY.

A regulatory filing detailing the fundraising from the high-flying San Francisco home-rental company is expected to be filed later today, the person said.

Reports say Alphabet's growth equity arm is an investor. Google Capital and Technology Crossover Ventures led the round, the Wall Street Journal reported. Fortune was the first to report the $555 million milestone.

An Airbnb spokesman declined to comment.

The deal could relieve some of the pressure on Airbnb to go public. Airbnb closed a $1 billion debt financing over the summer.

The capital raise gives Airbnb a valuation that is second only to ride-hailing powerhouse Uber, which has been valued by private investors at $68 billion.