Uber Closes $258M Financing

Funding Rounds

▤ Summary

Uber, a San Francisco, California-based startup that provides passengers with a mobile app to connect with drivers of luxury vehicles, closed a $258m financing round.The company intends to use the funds to expand into new markets, accelerate customer and driver acquisition, as well as fight off protectionist, anti-competitive efforts.Founded in 2009 by Garrett Camp and CEO Travis Kalanick, Uber provides private drivers in over 40 cities and 15 countries.Users can request a ride using the iPhone and Android app, compare rates for different vehicles, get quotes, and add a credit card to their account.“David Drummond is our director from Google that will help us navigate the company and provide the strategic advice as our regulatory efforts follow Uber’s launches across Europe and Asia”.

$ Funding

$
Amount $258.0M Total raised
□
Date August 26, 2013 Announcement date
◎
Investors TPG Capital Lead investors
▥
Company https://www.uber.com/ Funded company

▥ Classifications

industries
Telecommunications
applications
Engineering & Scientific

◇ AskAI Classifications

Labels
No AI classifications detected

▦ Linked Companies

deCarta
$1M to $5M