Uber Expands Funding Round

Uber, the mobile car-booking company, expanded its Series E round of venture financing by $1bn today.  This move brings total capacity for the round up to $2.8bn and comes just weeks after the company closed a $1.2bn round of financing.  Uber has now raised close to $5bn in private funding since it was founded in 2009.  The company’s $40bn valuation remains unchanged since December.

Uber is a member of the Triton Research IPO Watchlist, a continuously updating database of companies we expect to either IPO or be acquired.  The current IPO Watchlist is comprised of 108 companies organized by investment theme