Jun

Uber Receives $3.5 Billion Investment From Saudi Wealth Fund

Funding gives Uber the same valuation of $62.5 billion
Managing director of Saudi sovereign wealth fund joins board

Uber Technologies Inc. said it received its biggest investment to date, raising $3.5 billion from the Public Investment Fund of Saudi Arabia.

The investment valued Uber at $62.5 billion, the same amount as its previous valuation, the company said. Yasir Al Rumayyan, the managing director of Saudi Arabia’s sovereign wealth fund, will take a board seat…

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Uber Receives $3.5 Billion Investment From Saudi Wealth Fund

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