According to Crunchbase, Uber has received $8.21 billion in 13 rounds from 51 investors.
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As a reminder, a valuation is based on predictions about a company’s potential – so it doesn’t mean Uber has $70 billion.
As reported by New York Times, Uber is backed by powerful names in the venture capital, including Google Ventures, Chinese internet giant Baidu Inc. and Goldman Sachs.
Investors have poured money into the company at a staggering rate. This would be the eighth round of financing that the company has sought over the last five years.
“Give us a few years”, he said on stage at the Wall Street Journal’s tech conference in Laguna Beach. “Let us get into high school before we start talking about these sorts of things”, he said. According to CB Insights, a venture capital database, there are more than 140 private companies valued at $1 billion or more, called unicorns.
Rather than going public, Uber appears focused on using its significant amount of funds to build out endeavors such as the delivery services, UberEATS and UberRUSH, the multiple passenger-inclusive UberPOOL offering and global expansion in countries such as Thailand, Singapore, Vietnam and – in particular – China, which Kalanick recently cited (via the NYT story) as now being home to approximately 30 percent of all trips taken using Uber.
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Uber’s competition around the globe include Didi Kuaidi, the most popular ride-hailing app in China, Ola in India, BlaBlaCar in Europe and Lyft in the US.
