SAN FRANCISCO — Airbnb has raised more than $1 billion at a valuation of about $31 billion, helping the home-rental company put off an initial public offering.
The San Francisco-based home-rental company disclosed the funding in a filing with the Securities and Exchange Commission.
The large fundraising round relieves some of the pressure to go public. Airbnb is the second-most valuable start-up in the U.S. behind Uber whose worth private investors have pegged at nearly $70 billion. A person familiar with the details who was not authorized to discuss them publicly said Airbnb has no plans to go…