The largest single investment in a private company

investment

Saudi Arabia’s sovereign wealth fund is investing $3.5 billion in Uber, marking the largest single investment ever made in a private company. The deal solidifies Uber’s place as the most-funded start-up in the world and brings its war chest to more than $11 billion, at a time when the company is aggressively expanding in nearly 70 countries worldwide… To put Uber’s fundraising in perspective, Google raised $2 billion during its IPO in 2004, after raising just $25 million from investors while it was a private company. The deal marks the closing of Uber’s Series G investment round, which began last year and has raised more than $5 billion from investors including Russia’s LetterOne and China’s Baidu, at a valuation of $62.5 billion.

 

Leslie Hook

Food4Brains

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