But its biggest news was still to come: after months of rumors in tech circles, in mid-July 2011, Airbnb confirmed it had secured a new round of $112 million in funding, led by Andreessen Horowitz. The firm had passed earlier, but had done an about-face. The round also included other key investors like DST Global and General Catalyst Partners, and pegged the company’s valuation at $1.2 billion, officially turning it into what’s known as a “unicorn,”
