Alphabet’s CapitalG Leads $1 Billion Round in Lyft . Taxi Online Crazinessby Company Announcement October 20, 2017
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