Airbnb is said to be looking to raise a new round of funding that would value the company at $30 billion, according to The New York Times. That figure would put the service for short-term home rentals just behind Uber, which is the most valued US startup.
In just two years, Airbnb's valuation will have tripled, the Times said. The San Francisco company plans to use the money to further expand, including growing overseas, unnamed sources told the Times.
Airbnb declined to comment on the Times report.
A week ago, mayors from 10 cities around the world announced an alliance to help them better regulate so-called sharing-economy companies like Airbnb and Uber. Airbnb said Monday that it is suing San Francisco over changes to a law that would require short-term rental services to remove hosts from their site who haven't registered with the city.