On-demand car service Uber has secured $39m in series B funding from investors including financial services firm Goldman Sachs.
The round was led by Menlo Ventures with participation from fellow venture capital (VC) firms Benchmark Capital and Bezos Expeditions (the vehicle for Amazon.com founder Jeff Bezos’ VC investments) and investment firm Lowercase Capital.
Uber previously raised $11m from a series A round funded by Benchmark, Lowercase, VC firm First Round Capital, VC fund Founder Collective and several angel investors. Uber’s $1.5m seed funding was provided by Founder, Lowercase, First Round and a host of angels including Shawn Fanning, David G. Cohen and Naval Ravikant.
Uber operates an on-demand service that allows users to rent private cars in minutes via mobile devices. The funding came in conjunction with the launch of UberEurope and UberParis – Uber’s first ventures outside the United States.