Uber Technologies Inc., the world’s most highly capitalized startup, plans to raise another large round of funding.
The San Francisco-based ride-sharing company briefed investors on its plans to raise between $1.5 billion and $2 billion in new funding, said people familiar with the matter. It expects the funding to value the company at $50 billion or higher, the people said, although they said Uber’s plans could change.
At that level, Uber could become the most valuable venture-backed startup in history. Only Facebook Inc. attained a $50 billion valuation before going public. Goldman Sachs Group arranged a private offering of shares of the social network at that valuation in 2011.
Read the full article in The Wall Street Journal.