Uber is in the midst of a fundraising round that values the company at $1 billion, according to Reuters’ report.
The news follows remarks by Bill Gurley, an Uber investor through Benchmark Capital, at the Disrupt NY conference, describing Uber as “probably the fastest growing company that we’ve ever had.” Gurley specifically noted that Uber was growing faster than eBay did in its early days.
A successful round will be the test of the aggressive valuation.
Despite facing regulatory hurdles, Uber now offers its e-hail taxi service in Boston, San Francisco and New York.
Update: CEO Travis Kalanick denied on Twitter that Uber was actively fundraising. It may be that it’s considering another round, or that investors are asking it to open up another round. Or it could be that Reuters just blew it.
.@uber hasn’t spoken to a single investor about raising $ since Nov ’11. Any reports to the contrary (i.e. Reuters) are completely false
— travis kalanick (@travisk) April 30, 2013