Wednesday, December 7, 2011

Uber Gets $32M From Menlo Ventures, Jeff Bezos And Goldman Sachs

Screen Shot 2011-12-07 at 11.09.37 AMJust 18 months into operations, Uber CEO Travis Kalanick�announced on stage at Le Web that the car service company has closed $32 million in Series B funding lead by Shervin Pishevar's Menlo Ventures, Amazon's Jeff Bezos and Goldman Sachs. Following on will be existing investors Benchmark Capital�and a who's who of angel investors. With regards to this round's valuation amount, Kalanick told me, "We sold very valuable shares." The funding total can extend up to $39 million through a second tranche, Kalanick said, but Uber has only closed $32 million of that number. Three years ago Kalanick and co-founder Garrett Camp came up with the idea for Uber in Paris, so it is fitting that he would announce the new funding in the French capitol, "Uber is in part a French company," he said onstage.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/qFRizJ2K3kA/

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