Alphabet’s CapitalG Leads $1 Billion Round in Lyft . Taxi Online Craziness

Alphabet’s CapitalG Leads $1 Billion Round in Lyft . Taxi Online Craziness

by October 20, 2017
  •  
  •  
  • 2
  •  
  •  
  •  
  •  
  •  
  •  
  •  
    2
    Shares

CapitalG — Alphabet’s growth investment fund — is leading a $1 billion financing round in Lyft. This brings Lyft’s post-money valuation to $11 billion.  CapitalG Partner David Lawee, will be joining Lyft’s Board.

2017 has been an important year for the Lyft community. Earlier this month, we completed a 500 millionth ride and our service is now available to 95% of the U.S. population — up from 54% at the beginning of the year.

The fact remains that less than 0.5% of miles traveled in the U.S. happen on rideshare networks. This creates a huge opportunity

 

This article first appeared on blog.lyft.com

Print Friendly, PDF & Email
  •  
  •  
  • 2
  •  
  •  
  •  
  •  
  •  
  •  
  •  
    2
    Shares