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Google arm reportedly led Airbnb's $850 million funding round

Airbnb co-founder Nathan Blecharczyk gestures during a press conference in New Delhi on May 4, 2016. Airbnb, a community-driven hospitality company, announced travel on the platform in India had nearly tripled in the last year, positioning it as one of the fastest growing markets in the world.
Money Sharma | AFP | Getty Images

Tech titan Alphabet's investment arm helped to lead Airbnb's $850 million funding round, The Wall Street Journal reported, citing sources.

The funds raise the 8-year-old home-rental startup's value to $30 billion from $25.5 billion last year, the newspaper said.

Airbnb is unlikely to go public soon, the Journal said. The deal could relieve some pressure to go public as it gives the company more money to expand.

Airbnb recently made the push toward corporate business travel, with specific business-travel ready hosts. It goes back to what made Airbnb a successful company as a cheap alternative to pricey hotels during conferences in San Francisco.

Read The Wall Street Journal's full report.