Today at TechCrunch Disrupt in San Francisco, Uber CEO Travis Kalanick took the stage to discuss the state of the disruptive limo and taxi startup and its prospects for the future. Kalanick spoke about the difficulties expanding into new cities, resistance from taxi unions, regulation and the growing competition from pink-mustache-wearing competition, like Lyft.
Over the course of the conversation, Kalanick revealed that the company had raised $37 million in series B (its latest round), as opposed to $32 million, which was initially reported back in December. The series B financing round was led by some well-known names, Shervin Pishevar’s Menlo Ventures (Shervin shaved Uber’s logo into his head at the time), with participation from Amazon’s Jeff Bezos and Goldman Sachs.
As Travis has clarified for us since, the original raise back in December included a later tranche which would allow the company to raise up to a total of $39 million. However, Uber decided to cut it off at $37 million rather than go all the way to $39M.
Uber, a San Francisco based technology startup is innovating at the intersection of mobile technology, car transportation & logistics. The Uber experience captures the elite limo experiences and transforms it into an on demand service that fits an efficient and modern lifestyle.