Uber is still raising money, it turns out, with a new $1.6 billion in convertible debt from Goldman Sachs.
In December, transportation company Uber announced it had raised $1.2 billion in new funding to help it expand in Asia, and now it’s raised more than the same amount from Goldman Sachs’s private wealth management clients, a spokesperson from the investment bank has confirmed to VentureBeat. Uber is also said to be in talks to raise a separate $600 million from hedge funds to add to its round from December.
At the time of its last funding round, Uber’s valuation hit $40 billion, and it brought its total funding to $2.7 billion. SEC filings at the time showed that Uber was looking to raise up to $1.8 billion — an additional capacity its current talks with hedge funds would finally fill.
Uber has recently faced a battery of criticism over privacy violations, drivers assaulting passengers, and invasive statements made by one its executives.
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Uber was founded in 2009 by Travis Kalanick and Garrett Camp, and is headquartered in San Francisco.
