ACCORDING TO FIRM BLOG: This round is $258 million with proceeds to be used to expand into new markets, accelerate customer and driver acquisition, and fight off protectionist, anti-competitive efforts.

The financing was led by Google Ventures with TPG Capital participating. David Drummond, Google's SVP of Corporate Development and Chief Legal Officer, will be joining Uber's board. David Bonderman, founding partner of TPG, will also be joining the board. We're also looking forward to working with David Krane from Google Ventures and David Trujillo from TPG, each of whom will help deliver strategic value as partners in this investment.