PARIS--Uber, a service that lets people use their smartphones to order and pay for transportation, has raised $32 million in funding and launched its service in Europe.
At the LeWeb conference here, Chief Executive Travis Kalanick announced that Paris is the first city in Europe where the service works. The company plans to extend to two new cities a month now, reaching "around 25 cities in the next 13 to 14 months."
Expansion costs money, and the company just got a lot more: $32 million in a new round of funding led by Menlo Ventures. Also … Read more