Long time Fountain client Lyric announced closing of a $160M equity round led by AirBnb. AirBnb is now widely known as the San Francisco based decacorn expected to complete an initial public offering in 2019. Fountain Partners provided Lyric with its first line of credit to furnish its properties in early 2016. Lyric disclosed that that current investors including NEA, SignalFire, FifthWall, and Tusk Ventures participated along with new investors Tishman Speyer, RXR Realty, Obvious Ventures, SineWave, and former top Twitter executives Dick Costolo and Adam Bain. Here is a in depth article on the investment.
