Fenwick & West represented Uber Technologies, Inc., which operates at the intersection of mobile technology, car transportation and logistics, in its recently announced $258 million Series C financing. The round was led by Google Ventures with participation from TPG Capital. In addition, both David Drummond, Google’s SVP of Corporate Development and Chief Legal Officer and David Bonderman, founding partner of TPG have joined the company’s board.
The new investment will be used to expand into new markets and accelerate customer and driver acquisition. More information about Uber’s $258M Series C financing can be obtained from the company website.
The Fenwick transaction team was led by corporate partner Bill Schreiber; corporate associates Beverly See and Edward Wedge; tax partner Adam Halpern; and tax associate Jay Cosel.