Uber Receives $3,500,000,000 New Funding Round

  • Feed Type
  • Date
    6/2/2016
  • Company Name
    Uber
  • Mailing Address
    1455 Market St. 4th Floor San Francisco, CA 94103 USA
  • Company Description
    The company has created a mobile application that allows users to request car service to pick them up wherever they are located.
  • Website
    http://www.uber.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $3,500,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    Uber, which has viewed the Middle East as an important area in its expansion, said the investment further aligned the company with Saudi Arabia as the kingdom planned to transform its economy, reducing its dependence on oil and improving employment.
  • M&A Terms
  • Venture Investor
    Saudi Arabia Public Investment Fund

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