Uber Garners $1,200,000,000 New Funding

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=fb8d7f1e-3711-4a57-9c2a-dfebd45b5d62
Date
9/7/2015
Company Name
Uber
Mailing Address
1455 Market St. 4th Floor San Francisco, CA 94103 USA
Company Description
The company has created a mobile application that allows users to request car service to pick them up wherever they are located.
Website
http://www.uber.com
Transaction Type
Venture Equity
Transaction Amount
$1,200,000,000
Transaction Round
Undisclosed
Proceeds Purposes
Uber previously said it had earmarked at least $1 billion in a previous fund-raising to grow throughout Asia, and it will use the additional financing to continue in the same vein.
M&A Terms
Venture Investor
Baidu
Venture Investor
Undisclosed