Uber boosts Series E round to $2.8 bln: Bloomberg

Uber has increased its Series E funding round by $1 billion, according to Bloomberg News, which cited a Delaware filing.

The online ride-sharing service previously raised $1.8 billion in Series E. The additional $1 billion brings the total of the Series E to $2.8 billion, Bloomberg said. The story did not name any investors.

When asked about the increased funding, an Uber spokeswoman said: “The participation we have seen in Uber’s Series E underscores the confidence investors have in Uber’s growth and the key priorities of UberPOOL and further international expansion.”

Uber CEO Travis Kalanick said in a Dec. 4 blog post the company had raised $1.2 billion in funding. The company had room for another $600 million, the New York Times said, and Uber’s $600 million was quickly oversubscribed. Uber decided to raise more, the story said.

Last month, the online ride-sharing company also collected $1.6 billion in convertible debt from Goldman Sachs, Reuters News reported.

Uber hasn’t disclosed investors of the Series E. Crunchbase said they include New Enterprise Associates, Lone Pine Capital, Valiant Capital Partners and Qatar Investment Authority.

Photo courtesy of Reuters.