Uber Seeking $1 Billion More in Latest Funding Round
Th Uber Technologies Inc. car service application.
Photographer: Victor J. Blue/BloombergThis article is for subscribers only.
Uber Technologies Inc. has expanded a fundraising round by $1 billion amid swelling investor appetite for the mobile car-booking application.
Uber submitted a filing Wednesday to the Delaware Secretary of State to bump up its fundraising by $1 billion, according to a representative of the San Francisco-based company. That would bring the total in the round, known as the Series E round, to $2.8 billion. Uber had previously collected $1.8 billion of the financing.