The deal size and valuation are both among the highest ever for a VC-backed company, second only to Facebook's 2011 funding round, which brought in $1.5 billion at a valuation of $50 billion. Uber is one of only three companies to ever raise a VC funding round of at least $1 billion (Facebook, Idealab). Additionally, it is one of only seven VC-backed companies to ever reach a valuation of $10 billion or more. To put the magnitude of the new deal into perspective, the company's valuation now eclipses those of LivingSocial ($5.37 billion), Pinterest ($5.13 billion) and Square ($3.88 billion) combined.
The new capital brings Uber's total to-date funding to about $1.52 billion and will be used for both international and global expansion. The company is also expanding its offerings. It recently launched a boat ferry service in Boston and introduced UberRUSH (a package delivery service) as well as uberFAMILY (a transportation service that provides a car seat for children).
To take a look at Uber's PitchBook Profile, which includes prior investment rounds, valuation history, professionals and more, click here.