Uber Valued At $18.2 Billion Following Financing Round

Uber's co-founder and CEO Travis Kalanick blogged Friday that the company closed a financing round at $17 billion in pre-money valuation.

The blog states, “We have just closed a financing round with some of the leading investors in the world, raising $1.2B of primary capital at a $17B pre-money valuation. The total raise will be about $1.4B with a second close of strategic investors soon. We are thrilled to have top tier institutional investors, mutual funds, private equity and venture capital partners joining us.”

After just four years, investors appear confident in Uber's success and improvements.

The Wall Street Journal reported that the recent financing was led by Fidelity Investments, Wellington Management and Black Rock Inc.