Airbnb Reserves $7.2M

Airbnb, the San Francisco-based online and mobile marketplace for booking unusual accommodations such as rooms in private homes, said this week (PDF) that it has raised $7.2 million in Series A funding from Sequoia Capital and Greylock Partners. It’s the two-year-old startup’s first major cash infusion since collecting about $600,000 in seed funding from individual investors. The company also introduced a new iPhone app that lets guests book accommodation and helps potential hosts calculate the value of their spaces.

Wade Roush is a freelance science and technology journalist and the producer and host of the podcast Soonish. Follow @soonishpodcast

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