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Uber Valued at More Than $50 Billion

Marco Rubio Speech On Innovation At Uber's DC Offices

Ride-sharing app, which just closed a funding round, reaches mark faster than Facebook

By
DOUGLAS MACMILLAN and TELIS DEMOS
Updated July 31, 2015 8:50 p.m. ET

Uber Technologies Inc. has completed a new round of funding that values the five-year-old ride-hailing company at close to $51 billion, according to people familiar with the matter, equaling Facebook Inc.’s record for a private, venture-backed startup.

Uber raised close to $1 billion in the round, one of the people said, bringing the San Francisco company’s total funding to more than $5 billion. Uber had briefed investors on a plan to raise between $1.5 billion and $2 billion in the round, The Wall Street Journal reported in May.

https://www.wsj.com/articles/uber-valued-at-more-than-50-billion-1438367457