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Uber’s Valuation Could Soar To $17 Billion

A new fundraising round could make Uber the Valley’s most valuable startup.

Uber’s Valuation Could Soar To $17 Billion
[Image: Flickr user Thomas Anderson]

Uber is reportedly close to finalizing a new fundraising round that could skyrocket its valuation to $17 billion. Wellington Management and Fidelity Investments are likely contenders to co-lead the investment, the Wall Street Journal reports.

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At $17 billion, Uber’s valuation would soar above Airbnb’s $10 billion. Just a year ago, Uber was valued at $3.5 billion. Fast Company has reached out to Uber, and we will update this post if we hear back.

Last month, the ridesharing startup partnered with Google, giving users the option to hail an Uber car from the search giant’s Maps app. Though the company is aggressively recruiting drivers to its platform, Uber CEO Travis Kalanick recently outlined a future where driverless cars will chauffeur passengers around town–further angering cabbies.

About the author

Based in San Francisco, Alice Truong is Fast Company's West Coast correspondent. She previously reported in Chicago, Washington D.C., New York and most recently Hong Kong, where she (left her heart and) worked as a reporter for the Wall Street Journal.

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