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.