posted at 18:50
Author: Jordan Novet
Wed, 26 Nov 2014 02:31:20 +0000
Ubers next funding round could give the startup a humongous $40B valuation
It's been a tough month for alternative cab service Uber, but investors see some major upside. A fresh funding round for the fast-growing startup could give Uber a valuation between $35 billion and $40 billion, according to a report today from Bloomberg. That round would follow the hefty $1.2 billion raise Uber announced this past June. The Financial Times reported that Uber was working to raise $1 billion. Today's Bloomberg report pegs the new round at "At least $1 billion." Uber must not only put up with competition from other startups, including Lyft and Sidecar. Uber has responded by disclosing its policies on the subject. Uber did not respond to VentureBeat's request for comment.

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