Lyft just announced that it has introduced an extra $ 500 million to its most contemporary funding round, a $ 1 billion lift introduced in October. The now-$ 1.5 billion round contains participation from fidelity management & analysis business as smartly because the Ontario lecturers’ Pension Fund.
Lyft’s put up-funds valuation as of this add-on elevate is now $ 11.5 billion, with the elevated round nevertheless led by way of Alphabet’s CapitalG.
2017 has been a banner 12 months for Lyft when it comes to performance, with enlargement to well over one hundred new markets, together with Canada sometime this month. It has also greater than doubled its complete miles driven for rides this 12 months, with a month yet to go before 2018.
Fundings & Exits – TechCrunch