Uber closes $1.2 billion in funding, despite executives behaving like jerks

Image: Uber.


Image: Uber.

An announcement on the official Uber blog: "[W]e have just raised a financing round of $1.2 billion, with additional capacity remaining for strategic investments."

The ride-on-demand service firm will use the financing "to make substantial investments, particularly in the Asia Pacific region."

There was an itty bitty mea culpa, too:

This kind of growth has also come with significant growing pains. The events of the recent weeks have shown us that we also need to invest in internal growth and change. Acknowledging mistakes and learning from them are the first steps. We are collaborating across the company and seeking counsel from those who have gone through similar challenges to allow us to refine and change where needed.