Uber Said to Plan Another $1 Billion in Fund-Raising


An Uber car in Manhattan. The latest round of financing will be the eighth that the ride-sharing service has sought over the last five years. CreditSpencer Platt/Getty Images

Just three months after raising an enormous sum of money from investors, Uber is at it again.

Uber, a ride-hailing service, is planning to raise close to $1 billion in new venture capital from investors, according to people close to the matter. Investors are looking at a valuation of $60 billion to $70 billion.

If successful, the round of fund-raising would make Uber the world’s most valuable private start-up by far. A round this summer valued the company at more than $50 billion, a bit more than Facebook was valued at after its last big round of private capital fund-raising in 2011…

Uber Said to Plan Another $1 Billion in Fund-Raising

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