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Airbnb Profitable For Two Years Straight As It Heads For Public Markets

Airbnb today announced a number of milestones which include being profitable for a second year on an EBITDA (earnings before interest, taxes, depreciation and amortization) basis in 2018. This counts as a plus as the company heads for an IPO reported to be taking place this year.

It also says it's on track to hit 500 million guest arrivals on its platform by the end of Q1 this year. While specific figures are not provided, the company exceeded its 2017 projections with $93 million in profit on $2.6 billion in revenue, Bloomberg says with CEO Brian Chesky promising a public offering before 2020 when some employee stock grants expire.

This month, longtime Amazon executive Dave Stephenson joined the company as chief financial officer, a key role in preparation for an IPO after its previous CFO Laurence Tosi left last year amid a disagreement with Chesky.

“He (Dave Stephenson) will use his experience in growing large businesses quickly at scale to ensure we are investing for both gro…

Software firm AnchorFree closes $295 million investment from WndrCo and others

image source : AnchorFree

Mountain View based VPN software firm AnchorFree has now raised $295 million in a funding round led by consumer tech focused holding firm WndrCo with participation from the likes of Accel, 8VC, SignalFire and several other VC firms.

This brings the total raised by AnchorFree notable for its flagship app Hotspot Shield to over $350 million marking it as one of the most funded startups in the consumer software space. Hotspot Shield currently counts 650 million users across 190 countries and also includes an enterprise focused offering marking a good revenue generating base for the company.

Prior to this round, AnchorFree has garnered funding from the likes of RENN Capital, Several notable individual investors and Goldman Sachs which led a previous $52 million round.

WndrCo founding partner and renowned media mogul Jeffrey  Katzenberg will be joining AchorFree's board along with fellow founding partner Sujay Jaswa and Accel's Sameer Gandhi as part of this deal. Jaswa is taking the role of Chairman at the company.






“Today’s digital threats are growing exponentially. Between security, privacy, and access, billions of people are impacted by data collection, security breaches, and censorship online,” said David Gorodyansky, Co-Founder and CEO, AnchorFree.

 “We built the world’s fastest proprietary VPN technology and the #1 mobile consumer security and privacy product in the world with Hotspot Shield. The WndrCo team brings deep operational experience in launching and scaling global tech products, and we look forward to working closely with them in pursuit of our mission to provide secure access to the world’s information for every person on the planet.”

“Anyone who accesses the Internet is vulnerable to data theft and an invasion of online privacy which has real, impactful consequences, and David and the AnchorFree team are deeply mission-driven to address this,” added Jaswa.

“AnchorFree has the two most-downloaded mobile security products, including the #1 mobile VPN product, because they have the fastest most robust technology and they work for the needs of consumers, protecting against phishing, malware, and spam in addition to providing secure Internet access. This growth will only accelerate as the world’s Internet security problems continue to grow, and we look forward to supporting David and his team as they further AnchorFree’s global success in tackling this outstanding market opportunity.”

AnchorFree recently launched its Hotspot Shield for Business service which allows businesses to better secure their data on public WiFi and communicate and access their work more securely on the net. Also according to the company, It's products are being downloaded more than 250 thousand times a day which stands as a remarkabe statistic for its service.


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