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September 12, 2012 09:20 pm GMT
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/LYuo_jNV7n0/
Travis Kalanick: Uber Raised $37M In Its Latest Round, Not $32M
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.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/LYuo_jNV7n0/
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