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Uber raises $3.5 billion from Saudi Arabia’s Public Investment Fund, balance sheet now exceeds $11 billion

Uber raises $3.5 billion from Saudi Arabia’s Public Investment Fund

  • Now Uber has more than $11 billion on its balance sheet, according to an Uber spokesperson.
  • Uber raises $3.5 billion from Saudi Arabia’s Public Investment Fund, balance sheet now exceeds $11 billion
  • Uber operates an on-demand car service used all over the world.
  • The investment is part of Uber’s series G round, but it’s very large and noteworthy on its own.
  • Saudi Arabia is affiliated with oil, so for the investors, this deal can fairly be called strategic.

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@VentureBeat: “Uber raises $3.5 billion from Saudi Arabia’s Public Investment Fund”


App-enabled cab company Uber today confirmed that it has raised $3.5 billion from Saudi Arabia’s Public Investment Fund, which is the investing arm of the Saudi Arabian kingdom. The money came in at Uber’s valuation of $62.5 billion, which is the same amount at which it reportedly raised $2.1 billion late last year.


Uber raises $3.5 billion from Saudi Arabia’s Public Investment Fund, balance sheet now exceeds $11 billion