Wednesday, January 21, 2015

Uber Raises $1.6 Billion In Debt Funding

San Francisco-based Uber has raised a huge, $1.6 billion debt funding round, according to reports Wednesday. The on-demand, ride provider received the funding from Goldman Sachs. The funding comes on top of an earlier, $1.2 billion in equity that Uber raised in December from strategic investors. Uber said in December that its new funding would go towards international expansion. More information »