Uber Raises New Round Of About $360M


Uber, after denying that it was seeking a new round, is raising new money after all.

According to a filing in Delaware state court, first reported by All Things D, and confirmed by several media reports, the local on-demand transport company has raised more than $360 million from TPG Capital, Benchmark Capital and Google Ventures.

It is said to have raised the money at a $3.4 billion pre-money valuation.

According to the Delaware filing, TPG purchased 775,092 preferred shares at $114.03 a share, for an investment of about $88 million. Benchmark purchased 105,234 shares at $142.54 a share and invested about $15 million.

The remaining investment – of about 1.8 million shares – came form Google Ventures, according to news reports. Google is not mentioned in the court document.

Uber as recently as April denied it was raising new money.

One previous investor that didn’t appear to participate in the round was Menlo Ventures.

The company raised $37.5 million in 2011 from investors including Menlo, Benchmark and Goldman Sachs, then at a $330 million valuation. The new round has been the subject of extensive speculation.

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