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Uber’s Valuation Timeline: From $60 Million in 2011 to a Rumored $50 Billion in May 2015

Uber’s reported valuation climbed from $60 million in 2011 to $40 billion by December 2014. The $50 billion figure in May 2015 was a rumored fundraising target; a nearly $1 billion round near $51 billion was reported in July.
From TheFinanceBase Team3 min to read
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Uber’s reported valuation rose from $60 million in February 2011 to $40 billion by December 2014. The $50 billion figure reported in May 2015 was a proposed fundraising valuation—not a completed deal. In July, CNNMoney reported that Uber had closed a nearly $1 billion financing round at a valuation close to $51 billion.

Uber valuation timeline, 2011–2015

The figures below are reported private-financing valuations, not a continuous audited series or public-market share prices. Where a source specified a pre- or post-money basis, that distinction is noted; the basis was not stated for every milestone.

Date Amount raised or sought Reported valuation Basis and status
February 2011 $11 million raised $60 million Post-money; reported by VentureBeat.
November 2011 $37.5 million raised $330 million Post-money; reported by VentureBeat.
August 2013 About $350 million raised $3.5 billion Basis not stated; reported by VentureBeat.
June 2014 $1.2 billion of primary capital; about $1.4 billion expected after a second close with strategic investors $17 billion Pre-money; announced by Uber.
December 2014 $1.2 billion raised $40 billion Basis not stated; reported by VentureBeat and The Guardian.
May 9–10, 2015 $1.5–2 billion reportedly sought $50 billion Rumored fundraising plan, not a confirmed closing; reported by VentureBeat.
July 31, 2015 Nearly $1 billion closed Close to $51 billion Completed financing as reported by CNNMoney; basis not stated.

How the reported valuation climbed

From $60 million to $330 million in 2011

VentureBeat’s timeline puts Uber’s February 2011 financing at $11 million raised and a $60 million post-money valuation. In November, the company reportedly raised $37.5 million at a $330 million post-money valuation. The two figures are financing milestones, not appraisals of a publicly traded company.

A billion-dollar valuation in 2013

In August 2013, Uber reportedly raised about $350 million at a $3.5 billion valuation. VentureBeat’s timeline does not specify whether that figure was pre- or post-money, so it should not be compared as though its basis were established.

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The $17 billion financing in June 2014

Uber’s own June 2014 announcement described $1.2 billion in primary capital at a $17 billion pre-money valuation. The company said the total would be about $1.4 billion after a second close with strategic investors. At that time, Uber said it operated in 128 cities across 37 countries.

$40 billion by December 2014

VentureBeat and The Guardian both reported a $40 billion valuation for Uber in December 2014; VentureBeat also described a $1.2 billion round. The sources cited here do not establish the valuation basis for that figure.

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What the May 2015 $50 billion figure meant

On May 9–10, VentureBeat reported that Uber reportedly wanted to raise $1.5 billion to $2 billion at a $50 billion valuation. That was a report of a fundraising plan, not evidence that a $50 billion round had closed. VentureBeat also described Uber as serving 300 cities; that count is attributable to the article rather than an independently verified company figure in the sources cited here.

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What changed by July 2015

On July 31, CNNMoney reported that Uber had closed a new round of nearly $1 billion at a valuation close to $51 billion. This later report describes a completed financing, distinct from the rumored May plan. It does not, in the available account, establish a pre- or post-money basis or further round details.

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How to read this timeline

  • Valuation is not the same as cash raised. The valuation is the reported worth assigned in a financing; the amount raised is the capital invested in that round.
  • Pre-money and post-money are different measures. Uber explicitly called its June 2014 $17 billion figure pre-money. VentureBeat described the 2011 figures as post-money. For other dates, the basis is not stated in the cited accounts.
  • A reported target is not a completed financing. The May 2015 $50 billion figure was a reported plan; the July report concerned a closed round at close to $51 billion.
  • Private-company valuations are round-specific. These reported marks do not form a public share-price history or an audited, continuously measured series.

Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.

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