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Airbnb leads $160M investment into Lyric

 In Business
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Our portfolio company, LYRIC, raises $160M in debt and equity. Airbnb led the equity financing of this hospitality platform for business travelers. The Series B financing is about 50% debt and brings LYRIC’s total funds raised to $185 million.
With the new funding, LYRIC aims at expanding its operations and going from its current 500 units across 13 markets to 1,000 units by the end of the year.

Link to the press release on TechCrunch and Forbes