The online marketplace and hospitality service providing company Airbnb Inc, has today announced that it has secured $1 billion in latest funding round, valuing the company for $30 billion.

According to Reuters, which say’s “Apart from this funding, Airbnb has able to secured $447.87 million”. The funding round was began in June last year, and by September, the company raised $550million which was led by Alphabet Venture capital, GV and others.

According to regulatory filing documents those shares were sold for $15 per share.

This fund has been raised at the valuation of $30 billion, which is 25% higher than what Airbnb cost after the previous funding round in 2015.

Airbnb currently operates in more than 65,000 cities and 191 countries.

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