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Uber raises $1.2 billion, valuing the 4-year-old company at $17 billion

06/06/2014

Uber today announced it has raised a whopping $1.2 billion from “top tier institutional investors, mutual funds, private equity (...)
Uber today announced it has a whopping $1.2 from “top tier institutional investors, mutual funds, private equity and venture capital partners.” The new funding round values the company at around $17 billion, and Uber expects the total amount be $1.4 once a second batch of are finalized. Uber’s private car hire service has made quite an impression since it debuted four years ago. The ability to call up a car and pay with a smartphone app was hardly new, but Uber’s broad selection of vehicles, location-tracking features and high-end customer experience certainly set it apart.... This story continues at The Next Web
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