1/26/2015

Uber Raises $1.6 Billion in New Financing

Facebook Share Icon LinkedIn Share Icon Twitter Share Icon Share by EMail icon Print Icon

Uber Technologies Inc. has collected $1.6 billion in convertible debt in its latest fundraising effort, sources tell Bloomberg News.

Share

Facebook Share Icon LinkedIn Share Icon Twitter Share Icon Share by EMail icon Print Icon

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 startup at $40 billion. Uber will use the money to accelerate its global rollout, according to Bloomberg's sources.