Uber’s raising up to $600M in a secondary round at $62B valuation, Q1 sales grew to $2.5B

Uber’s CEO is in Paris this week meeting with the French president to talk tech in Europe and expanding its insurance coverage in the region, but back in the U.S. the company is moving ahead on another kind of expansion.

TechCrunch has learned and confirmed that Uber is raising another secondary round of funding of up to $600 million, on a valuation of $62 billion. The fundraising development comes at the same time that Uber is also releasing its Q1 financials — which indicate that the company pulled in $2.5 billion in net revenues, with a net loss of $601 million, and negative EBIDTA of $304 million on a pro forma basis.

 

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