Skift Take

Uber is undoubtedly growing quickly and won a small victory with approval to operate in NYC, which appears to be enough work without raising a new round of funding, for now.

Uber co-founder and CEO Travis Kalanick says the startup is not raising funding, as an exclusive Reuters story published earlier today states.

In response to questions from Skift requesting more details on the startup’s round of funding, Kalanick responded:

The Reuters story is completely false and the product of extremely poor reporting and journalistic ethic.

This company has not pitched a single investor since November 2011 and has not sought any funding whatsoever since then.


CEO, Uber

Kalanick did not comment on the $1 billion valuation.

Uber was approved on Friday to be the first e-hail app participant in New York’s one-year E-Hail Pilot Program.


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Tags: funding, uber

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