Car-Service Company Uber Reportedly Valued at $3.5 Billion
Opinions expressed by Â鶹Éç contributors are their own.
Company valuation is always a bit of a game of smoke and mirrors. Even still, for a limo-service company making $125 million in annual revenue to be valued at $3.5 billion is enough to raise some eyebrows.
which disclose various stock offerings that, when crunched together, come up with the eye-popping valuation.
is a San Francisco-based limo company which allows members to order and pay for cars entirely on their mobile phones. Founded in 2009 by Travis Kalanick, venture-backed Uber offers service in 35 cities across the world.
According to the regulatory filing, private-equity powerhouse TPG invested just shy of $90 million in Uber’s latest round of funding while technology venture capital firm bought more than 100,000 shares. Another $258 million investment came from Google Ventures, marking the largest deal .
We knew Google was excited about driverless cars, but it seems that if into Uber, the tech-giant is into cars with drivers, too.
Related: The Art and Science of Company Valuations (Infographic)
Company valuation is always a bit of a game of smoke and mirrors. Even still, for a limo-service company making $125 million in annual revenue to be valued at $3.5 billion is enough to raise some eyebrows.
which disclose various stock offerings that, when crunched together, come up with the eye-popping valuation.
is a San Francisco-based limo company which allows members to order and pay for cars entirely on their mobile phones. Founded in 2009 by Travis Kalanick, venture-backed Uber offers service in 35 cities across the world.
According to the regulatory filing, private-equity powerhouse TPG invested just shy of $90 million in Uber’s latest round of funding while technology venture capital firm bought more than 100,000 shares. Another $258 million investment came from Google Ventures, marking the largest deal .
We knew Google was excited about driverless cars, but it seems that if into Uber, the tech-giant is into cars with drivers, too.
Related: The Art and Science of Company Valuations (Infographic)
