Wednesday, February 18, 2015

Uber Round Rises To $2.8 Billion

San Francisco-based ridesharing service Uber disclosed Wednesday that it has expanded its latest funding round to a whopping $2.8 billion, expanding its Series E by a billion dollars. The new round comes only a few weeks after a $1.2 billion, Series D funding for the company, not to mention a $1.6 billion debt funding which came in January. Disclosure of the additional funding in the Series E came via regulatory filings in Delaware.