Lyft Raises $250 Million for Domestic, International Expansion
 

Lyft Raises $250 Million for Domestic, International Expansion
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Lyft, the San Francisco-based ridesharing company that connects citizen drivers with those looking for a lift, an**unced 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


The news comes less than a month after Re/code reported 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 Read more...

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