“It was just a year ago that Uber was operating in 60 cities and 21 countries – today we are in over 250 cities in 50 countries.
“2014 has been a year of tremendous growth for Uber,” wrote Uber CEO Travis Kalanick in the Uber Ride Ahead blog. The Uber economy – 1m jobs and Asia is just around the corner The company is already working with Goldman Sachs to sell a further US$1bn in debt to wealthy Wall Street clients. The cash horde being built by Uber signals the company is preparing itself for an IPO. New Enterprise Associates, one of the world’s oldest and largest venture capital players, is also understood to have contributed to the round. New investors in the start-up – the company was founded in 2009 – include Middle East sovereign wealth fund Qatar Investment Authority as well as two hedge funds Valiant Capital Partners and Lone Pine Capital. Not bad for what is technically still a start-up. Car-booking app Uber has confirmed it has raised US$1.2bn in fresh investment, which now values the most highly venture-backed start-up at US$40bn.
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