Business

No, Uber is not raising a round at a $1B valuation

Reuters just reported that luxury car service Uber is raising a funding round at a $1 billion valuation — though Uber itself denies it’s looking for investors.

CEO Travis Kalanick tweeted today in response that Uber “hasn’t spoken to a single investor” since November 2011.

An Uber spokesperson responded to VentureBeat by forwarding an official comment — and hinting that the Reuters story may be taken down. In a statement, Kalanick confirmed that Uber is not raising a round and that “any reports to the contrary are just completely untrue.”

Uber has not issued a denial the company is worth $1 billion, which the Reuters story also claims. But then again, it probably wouldn’t.

photo credit: Silicon Prairie News via photopin cc


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