Uber has raised $5.5B - nearly as much as all other US on-demand startups combined

Uber has raised $5.5B - nearly as much as all other US on-demand startups combined

Uber completely dwarfs the rest of the pack competing for a piece of the on-demand economy.

Uber has raised nearly as much funding as all other U.S. on-demand mobile services combined, according to an analysis of CB Insights data.

Uber has raised $5.5B compared to the $5.9B raised by the rest of the U.S. on-demand economy.

AirBnB is the second-ranked on-demand company by total funding. Late last month, AirBnB raised a $1.5B private placement from investors including General Atlantic, Hillhouse Capital and Tiger Global Management.

These numbers could change quickly. Indeed, Uber itself is reportedly planning to raise an investment that could reach $1B from Chinese fund manager Hillhouse Capital, which also has investments in rival Asian taxi-hailing apps Kuaidi-Dache and GrabTaxi.

The chart below highlights the “power law”-like distribution of funding totals to U.S. on-demand mobile services:

Fewer than 20 private companies other than Uber have raised more than $50M in the on-demand space. These include MuncheryShypHotelTonight, and Handy among others. Lyft, the third-ranked U.S. on-demand startup by total funding and Uber’s direct competitor, has raised $1.01B compared to Uber’s $5.5B.

Here’s how US on-demand startups stacked up before AirBnB’s recent round, which allowed it to leapfrog Lyft in total funding:

 

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