Uber Valuation Put at $62.5 Billion After a New Investment RoundBy
Uber’s fund-raising efforts are showing no signs of slowing down.
The company, based in San Francisco, is close to completing the raising of a $2.1 billion round of venture capital, according to people briefed on the company’s plans, the company’s single largest round to date.
Once completed, the investment will value the company at $62.5 billion, according to three people briefed on the plans, securing Uber’s place as the world’s most valuable private start-up.
Tiger Global Management participated in the newest round, led by its partner Lee Fixel, as did T. Rowe Price, said the people, who spoke on the condition of anonymity because the terms are still private…
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