Car Request Servicer Uber Raises $32 Million From Menlo Ventures, Benchmark, Goldman Sachs, and Jeff Bezos

Uber is a private car service company that has raised $32 million in Series B funding from Menlo Ventures, Goldman Sachs, and Jeff Bezos. Previous investor Benchmark Capital also participated in this round.

Uber was founded by Travis Kalanick and Garrett Camp. Kalanick previously founded a company called Red Swoosh that he sold to Akamai for $19 million. Garrett Camp is also the founder and CEO of StumbleUpon.

Kalanick made the funding announcement at Le Web on stage. They launched their European operations in Paris today. currently they have 60 cars on the street and they are seeing heavy demand. The company plans on using the funding to expand to two cities per month.


This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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