Airbnb raises $7.2 million in funding
Airbnb, the San Francisco startup that lets people rent out a couch, spare room or that villa that's gathering dust in Napa, has raised $7.2 million in funding and said it expects to reach 1 million rooms booked through its site by the end of the year.
Airbnb, the peer-to-peer online room rental service, launched its $50,000 guarantee to protect hosts against theft and vandalism, along with a suite of 42 new safety features, as the company moves aggressively to repair its reputation after a ransacked apartment caused a PR disaster.