Oct
26
Morning Agenda: Uber Said to Plan Another $1 Billion in Fund-Raising
ByUBER SAID TO PLAN ANOTHER $1 BILLION IN FUND-RAISING | Uber is planning to raise about $1 billion in new venture capital from investors,
Leslie Picker and Mike Isaac report in DealBook. People close to the matter say investors are looking at a valuation of $60 billion to $70 billion. It would be the eighth round of financing over the last five years.
Another successful round of fund-raising would make Uber, a ride-hailing company, the world’s most valuable start-up. Fund-raising this summer valued the company at more than $50 billion — beating Facebook’s valuation after its last big round of private capital fund-raising in 2011…
Morning Agenda: Uber Said to Plan Another $1 Billion in Fund-Raising
