Though three years old, the company has raised about $120 million. AirBnB Andreessen Horowitz partner Jeff Jordan, who until recently was the chief executive officer of OpenTable, led the investment on behalf of Andreessen Horowitz. Frankly, today’s new announcement is just an affirmation of what has been reported in the past, ad nauseam. Sarah Lacy of TechCrunch had first reported of the likely investment on May 30, 2011, and speculated that the company was valued at close to a billion dollars. We have heard similar valuation metrics as well. As we previously reported, the company is on track to take in $25 million of net revenues during the current year and is also said to be doing flow-through revenues of around half a billion. The company itself says that two million nights have been booked using the system. The company is experiencing rapid growth in overseas markets. The New York Times reports that the company is racking up about 10,000 guests a night. Get the full story at GigaOM Read also "Room to Rent, via the Web" at The New York Times