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04-02-2014, 09:40 PM
Lyft Raises $250 Million for Domestic, International Expansion
http://rack.0.mshcdn.com/media/ZgkyMDE0LzA0LzAyLzYyL0x5ZnRwYXNzZW5nLmZmNzMyLmpwZw pwCXRodW1iCTU3NXgzMjMjCmUJanBn/17a51408/489/Lyft-passenger.jpghttp://rack.3.mshcdn.com/assets/feed-tw-df3e816c4e85a109d6e247013aed8d66.jpg (http://twitter.com/share?via=Mashable&text=Lyft+Raises+%24250+Million+for+Domestic%2C+In ternational+Expansion&src=http%3A%2F%2Fmashable.com%2F2014%2F04%2F02%2Fl yft-funding-round%2F%3Futm_campaign%3DMash-Prod-RSS-Feedburner-All-Partial%26utm_cid%3DMash-Prod-RSS-Feedburner-All-Partial%26utm_medium%3Dfeed%26utm_source%3Drss)htt p://rack.1.mshcdn.com/assets/feed-fb-fdab25e3700868c9621fb03b7fd07c38.jpg (http://www.facebook.com/sharer.php?u=http%3A%2F%2Fmashable.com%2F2014%2F04 %2F02%2Flyft-funding-round%2F%3Futm_campaign%3DMash-Prod-RSS-Feedburner-All-Partial%26utm_cid%3DMash-Prod-RSS-Feedburner-All-Partial%26utm_medium%3Dfeed%26utm_source%3Drss&src=sp)
Lyft (http://mashable.com/category/lyft/?utm_medium=feed&utm_source=rss), the San Francisco-based ridesharing company that connects citizen drivers with those looking for a lift, an**unced (http://blog.lyft.com/post/81494189162/new-adventures-ahead) a $250 million funding round Wednesday.
The funding round included existing investors like Andreessen Horowitz and Founders Fund, but also included new investments from Coatue, Alibaba and Third Point.
See also: Lyft Highlights its Quirkiest Drivers for Promotion at Sundance (http://mashable.com/2014/01/18/lyft-sundance-film-festival/?utm_medium=feed&utm_source=rss)
The news comes less than a month after Re/code reported (http://recode.net/2014/03/08/lyft-funding-official-documents-filed-for-150m-round/) a $150 million funding round was on its way, but the company exceeded that total due to interest from investors. That would have pegged the company's value at $700 million, according to Re/code, significantly less than Uber's $3.5 billion valuation after a similar $258 million funding round (http://mashable.com/2014/03/09/lyft-funding/?utm_medium=feed&utm_source=rss) Read more... (http://mashable.com/2014/04/02/lyft-funding-round/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss)
More about Funding (http://mashable.com/category/funding/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss), Raise (http://mashable.com/category/raise/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss), Business (http://mashable.com/business/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss), Startups (http://mashable.com/startups/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss), and Lyft (http://mashable.com/category/lyft/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss)http://feeds.feedburner.com/~r/Mashable/~4/EV2rt4AiFRU
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Lyft (http://mashable.com/category/lyft/?utm_medium=feed&utm_source=rss), the San Francisco-based ridesharing company that connects citizen drivers with those looking for a lift, an**unced (http://blog.lyft.com/post/81494189162/new-adventures-ahead) a $250 million funding round Wednesday.
The funding round included existing investors like Andreessen Horowitz and Founders Fund, but also included new investments from Coatue, Alibaba and Third Point.
See also: Lyft Highlights its Quirkiest Drivers for Promotion at Sundance (http://mashable.com/2014/01/18/lyft-sundance-film-festival/?utm_medium=feed&utm_source=rss)
The news comes less than a month after Re/code reported (http://recode.net/2014/03/08/lyft-funding-official-documents-filed-for-150m-round/) a $150 million funding round was on its way, but the company exceeded that total due to interest from investors. That would have pegged the company's value at $700 million, according to Re/code, significantly less than Uber's $3.5 billion valuation after a similar $258 million funding round (http://mashable.com/2014/03/09/lyft-funding/?utm_medium=feed&utm_source=rss) Read more... (http://mashable.com/2014/04/02/lyft-funding-round/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss)
More about Funding (http://mashable.com/category/funding/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss), Raise (http://mashable.com/category/raise/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss), Business (http://mashable.com/business/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss), Startups (http://mashable.com/startups/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss), and Lyft (http://mashable.com/category/lyft/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss)http://feeds.feedburner.com/~r/Mashable/~4/EV2rt4AiFRU