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Uber CEO Talks ‘Record-Breaking’ Funding, Potential Acquisition

Ian KarbyIan Kar
May 29, 2014
in Uncategorized
Reading Time: 1 min read
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Uber, which has revolutionized the transportation industry by making it almost effortless to pay for cabs and limos, is reportedly raising a “record-breaking” round of funding, said CEO Travis Kalanick. According to rumors, Uber could be raising up to $600 million at a valuation of $17 billion, a huge jump from last year when the company’s valuation was approaching $1 billion.

Kalanick, who spoke at Re/Code’s Code Conference this week, essentially confirmed that there was significant interest in financing, saying that Uber’s next round could be “record-breaking.” At a $17 billion valuation, Uber, which includes a revolutionary payments strategy, could be the highest-valued startup in the tech industry.

Kalanick also spoke cryptically about a potential Google acquisition. (Google Ventures is an investor in Uber). The video is below.

Tags: LyftStartupsUber
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