LYFT Raises $1 Billion Funding Round

Last week, Lyft shared the exciting news on its blog that the company has raised another funding round led by Alphabet’s venture arm, CapitalG – putting the post-money valuation at $11B.

Lyft Logo

Lyft also mentioned that it has run over 500M rides to date and expanded coverage in the U.S. to 95% of the population, up from just 54% at the beginning of 2017.

“While we’ve made progress towards our vision, we’re most excited about what lies ahead. The fact remains that less than 0.5% of miles traveled in the U.S. happen on rideshare networks. This creates a huge opportunity to best serve our cities’ economic, environmental, and social futures.”

Find the blog post here:

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