Uber Valued at $40 Billion in $1.2 Billion Equity Funding
This article is for subscribers only.
Uber Technologies Inc. has completed the next stage of its funding, garnering $1.2 billion to boost its international expansion.
The mobile car-booking company said today it raised the money at a $40 billion valuation, more than doubling its $17 billion valuation in June and bolstering its rank as the most highly valued U.S. technology startup. In total, Uber has now raised more than $2.5 billion since its 2009 inception.