Lyft
Raises 0 Million for
Domestic, International Expansion
Lyft, the San Francisco-based ridesharing company that connects citizen drivers with those looking for a lift,
an**unced a
0 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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