Uber Indeed: Massive Financing Values Uber Just Under $3.5B
August 26, 2013
Uber has raised about $361 million of new funding from Google Ventures, TPG Capital and Benchmark Capital across separate C-1 and C-2 stock purchases, valuing the company just under $3.5 billion. Google Ventures contributed about $250 million to lead the round. The latest financing dwarfs Uber's last fundraise in 2011, a $37.5 million round that included Benchmark, Goldman Sachs and Menlo Ventures. TPG co-founder David Bonderman has reportedly joined the company's board, as has David Drummond, chief legal officer and senior VP of corporate development at Google.