Uber raises $1.6bn from Goldman Sachs clients

Jessica Morris
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Uber has raised $1.6 billion from Goldman Sachs (Source: Getty)

Uber has raised $1.6 billion in financing from the clients of Goldman Sachs’s private wealth arm, adding even more cash to its ever-expanding pile.

This comes months after the popular taxi-app raised $1.2 billion from big institutions, and one investment valued the company at a weighty $41.2 billion, the Financial Times reported.

The cash will be used to invest in the company's relatively new UberPool programme, which matches commuters who are heading in the same direction and could one day rival public transport, as well as Uber's international expansion.

Last week Uber's chief executive Kalanick announced the company hoped to create 50,000 jobs in Europe and take 400,000 cars off the road this year. He said that since Uber arrived in London two years ago, the San Francisco start up has created 7,800 jobs, and 900,000 people have used the service.

Uber hired Goldman Sachs to fire up its fundraising drive in December, in order to raise funds from the bank's illustrious client list.

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