New York: Uber Technologies Inc has expanded a fundraising round by $1 billion amid swelling investor appetite for the mobile car-booking application.

Uber submitted a filing Wednesday to the Delaware Secretary of State to bump up its fundraising by $1 billion, according to a representative of the San Francisco-based company. That would bring the total in the round, known as the Series E round, to $2.8 billion. Uber had previously collected $1.8 billion of the financing.

Uber has been on a money-raising tear. The company, led by chief executive officer Travis Kalanick, raised $1.2 billion in financing in December, which valued the startup at $40 billion, one of the highest valuations for a closely held technology startup. It recently topped that off with another $600 million. Last month, Uber also closed $1.6 billion in convertible debt from Goldman Sachs Group Inc.’s wealth management clients, people with knowledge of the matter said.

“The participation we have seen in Uber’s Series E underscores the confidence investors have in Uber’s growth," said Nairi Hourdajian, Uber’s head of global communication. Bloomberg

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