Skip to content
Subscriber Only

Uber Sets Valuation Record of $17 Billion in New Funding

Uber Technologies Inc. is creating a new category of hot startup: the $17 billion club.

The San Francisco-based transportation service, which lets people order private town cars and other vehicles from their smartphone, has raised $1.2 billion in a new financing led by Fidelity Investments. The funding positions the company at the front of a pack of Internet startups, at a pre-money valuation of about $17 billion, up from $3.5 billion in a financing last year.