Lyft Raises $1 Billion in Round Led by Alphabet's CapitalG
October 19 2017 - 11:06AM
Dow Jones News
By Greg Bensinger
Ride-hailing startup Lyft Inc. said it raised $1 billion in a
funding round led by Alphabet Inc.'s CapitalG unit, boosting its
valuation by nearly 50% as it eyes expansion.
The San Francisco firm said on Thursday is it now valued at $11
billion including the new funds. Lyft has raised some $3.61 billion
in total.
CapitalG partner David Lawee is joining Lyft's board, bringing
it to 10 directors.
Write to Greg Bensinger at greg.bensinger@wsj.com
(END) Dow Jones Newswires
October 19, 2017 11:51 ET (15:51 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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