Uber Valued at $18.2B Following Financing Round

On Friday, Uber's co-founder and CEO

that the company closed a financing round at $17 billion in pre-money valuation. The blog states, “We have just closed a financing round with some of the leading investors in the world, raising $1.2B of primary capital at a $17B pre-money valuation. The total raise will be about $1.4B with a second close of strategic investors soon. We are thrilled to have top tier institutional investors, mutual funds, private equity and venture capital partners joining us.” After only four years, investors are confident in Uber's success and improvements. The

reported that the recent financing was led by Fidelity Investments, Wellington Management and Black Rock Inc.