Airbnb closes on $1B, posts profit
Airbnb has closed a $1 billion round of funding that values the company at $31 billion. The San Francisco-based company also turned profitable in the second half of 2016, but it still has no plans to launch a public offering, TechCrunch reports.
Korean fintech app Toss raises $48M
Viva Republica, the company behind Korean financial services app Toss, has raised $48 million in a Series C round led by Goodwater Capital and joined by PayPal and others. Toss processes person-to-person money transfers and offers other financial services such as loans and credit monitoring.
Peloton said to seek $120M for bikes and classes
Peloton Interactive, a five-year-old company that sells exercise bikes with tablets that stream live spin classes, is seeking to raise at least $120 million at a valuation of $1.2 billion, according to a Bloomberg report citing unnamed sources. New York-based Peloton previously raised about $120 million from venture and private equity backers.
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