Funding

Uber raises $200M

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File illustration picture showing the logo of car-sharing service app Uber on a smartphone next to the picture of an official German taxi sign in Frankfurt, September 15, 2014. A Frankfurt court earlier this month instituted a temporary injunction against Uber from offering car-sharing services across Germany. San Francisco-based Uber, which allows users to summon taxi-like services on their smartphones, offers two main services, Uber, its classic low-cost, limousine pick-up service, and Uberpop, a newer ride-sharing service, which connects private drivers to passengers - an established practice in Germany that nonetheless operates in a legal grey area of rules governing commercial transportation. REUTERS/Kai Pfaffenbach/Files (GERMANY - Tags: BUSINESS EMPLOYMENT CRIME LAW TRANSPORT)

What does Uber do?

Uber, is a mobile app which connects passenger with drivers for hire. It is a San Francisco based tech startup, which is innovating at the intersection of logistics and lifestyle. The company connects riders with reliable, safe and convenient transportation providers at different price points in cities globally.

How much Uber was funded?

Uber raised $200M on February 12, 2016 from LetterOne.

Previous funding

  • $200k on August 1, 2009 from Garrett Camp and Travis Kalanick
  • $1.25M on October 15, 2010 from Jeanine Heller, First Round, Techstars Ventures, Lowercase Capital, Mitchell Kapor, Founder Collective, Babak Nivi, Cyan Banister, Scott Banister, Alfred Lin, Jason Calacanis, Naval Ravikant, Mike Walsh, Shawn Fanning, Josh Spear, Oren Michels and Jason Port
  • $11M in Series A on February 14, 2011 from First Round, Benchmark, Lowercase Capital, Innovation Endeavors, Alfred Lin and Scott Banister
  • $37M in Series B on January 25, 2012 from Tusk Ventures, Goldman Sachs, Benchmark, Menlo Ventures, CrunchFund, Troy Carter, Jeff Bezos, Signatures Capital,  Summit Action Fund,  Nihal Mehta and Data Collective.
  • $1.2B in Series D on June 6, 2014 from Fidelity Investments, BlackRock, Wellington Management, Kleiner Perkins Caufield & Byers, Summit Partners, Sherpa Capital Menlo Ventures and GV
  • $1.2B in Series E on December 4, 2014 from Qatar Investment Authority, Lone Pine Capital, Valiant Capital Partners, Sherpa Capital and New Enterprise Associates.
  • $600M in Series E on December 16, 2014 from Baidu
  • $1.6B on January 21, 2015 from Goldman Sachs
  • $1B in Series E on February 18, 2015 from HDS Capital, Foundation Capital, Times Internet and AITV (Accelerate IT Ventures)
  • $1B in Series F on July 31, 2015 from Microsoft Corporation – Strategic Investments, Bennett Coleman and Co Ltd and Microsoft
  • $100M on August 19, 2015 from Tata Opportunities Fund
  • $1.2B on September 7, 2015 from Baidu
  • $2B on January 12, 2016

What is next for Uber?

Uber plans to use for bolstering its existing operations and for heading into new places, such as the wider expanse of Eastern Europe.

More about Uber

Uber was founded on March 1, 2009 by Garrett Camp and Travis Kalanick. It has its headquarters in San Francisco, CA.

 

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