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The round was led by investors General Atlantic and Access Technology Ventures, as well as home construction company Lennar Corp.
With its second-ever investment in an enterprise software company, the massive fund is seen to broaden its portfolio beyond consumer tech firms such as Uber and DoorDash.
The deal signals a shift for Uber toward a wider set of transportation options in urban centres.
To learn how to conquer Uber, the Chinese firm is going straight to the source. It is poaching Uber employees for its Mexico management team.
Dropbox set a price range of $16 to $18 per share, which would raise up to $648 million in the IPO. The pricing is about a 30% drop from the $10 billion valuation it earned in early 2014 after a BlackRock-led financing round.
The new fund comes just two years after Norwest raised a $1.2 billion fund, which was at that time the firm’s largest.
The funding boosts its valuation and providing new resources for the startup to compete against heavyweight Amazon.com Inc.
Waymo finally agreed to a deal of $245 million in Uber equity.
Investors will take 17.5% in Uber with SoftBank keeping 15%, triggering a number of governance changes at Uber.
The net book value of Xchange Leasing’s more than 30,000 vehicles was roughly $400 million.