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Uber Seeks Another $1+ Billion in Funding

Alternative cab service Uber is looking to raise between $1.5 billion and $2 billion in a new funding round that would value the company at $50 billion or more, according to a report that surfaced late last night. The valuation would be increasing from $41 billion, the post-money valuation for Uber’s funding round in December 2014, according to theWall Street Journal report, which cites unnamed sources. The report does not name specific investors for the new round. Uber had no comment to share with VentureBeat regarding the new report.

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