Uber Seeks a $12 Billion Valuation, Revving Up Funding Ambitions

Now watching

Next video starts in : 7 Play

Uber Seeks a $12 Billion Valuation, Revving Up Funding Ambitions

Uber Seeks a $12 Billion Valuation, Revving Up Funding Ambitions
Replay video
Up next

How this woman tracked down her identity thief

Unlock your personal NFL Now stream by signing in to NFL.com

Uber Seeks a $12 Billion Valuation, Revving Up Funding Ambitions

by TheStreet.com Videos 1:08 mins

On-demand car service Uber is said to be in talks with investment firms to raise about $500 million at a $12 billion valuation, according to a report by the Wall Street Journal. That's even higher than the $10 billion valuation previously reported by Bloomberg. The start-up is reportedly planning to finalize the deal by the end of this quarter. It has already raised more than $400 million, counting Goldman Sachs and Google Ventures among its investors. Despite opposition from the taxi industry, the company has been expanding -- recently landing in Beijing, its 100th city. It's made deals with eBay's PayPal and the NFL and launched a courier delivery service in New York City, UberRUSH.

View Comments (1)