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Uber Reportedly Raised $1.6 Billion in New Financing
Uber Technologies Inc. has collected $1.6 billion in convertible debt in its latest fundraising effort, sources tell Bloomberg News.
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Uber Technologies Inc. has collected $1.6 billion in convertible debt in its latest fundraising effort, sources tell Bloomberg News.
Bloomberg says the infusion comes from Goldman Sachs Group Inc.'s wealth management clients. The on-demand private car service raised $1.2 billion in December and is in talks with various investors to collect another $600 million.
Last month's funding valued the San Francisco start-up at $40 billion. Uber will use the money to accelerate its global rollout, according to Bloomberg's sources.
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