Uber Expands Series E Fund To $2.8B

February 19, 2015 | Uber, the popular car service application, announced that it raised a whopping $2.8 billion in Series E funding. The company raised $1.2 billion in December at a company valuation of $40 billion from undisclosed investors, by “New York Times” reports suggest that the company expanded their Series E round to raise a total of $2.8 billion. The company, which was founded in 2009 by Travis Kalanick and Garrett Camp, plans to use the funds to continue investing in expansion, especially to Asian regions. Uber opened an office in Tel Aviv and began its transportation service late last year.