People, Person, Computer, Electronics, LCD Screen, Laptop, Pc

Lyft Increases Financing Round to $1.5 Billion

We’re taking another step toward our mission of improving lives with the world’s best transportation. Today, we’re announcing that our most recent round of funding has been increased from $1 billion of new capital to $1.5 billion. This financing, led by CapitalG, will bring Lyft’s post-money valuation to $11.5 billion.   

As part of this round, we’re excited to partner with Fidelity Management & Research Company and Ontario Teachers' Pension Plan. We’re also welcoming back existing investors that include AllianceBernstein, Baillie Gifford, KKR, Janus Henderson Investors, and Rakuten.

It’s been a breakout year for Lyft, made possible by our team members, drivers, and passengers. With just about a month left in the year, we have already more than doubled the number of rides given in 2016. We will continue to invest in our community and look forward to an even bigger 2018.

Read more >

Published on Dec 5, 2017

Other people viewed

Front End Engineer

ClassPass United States United States
ClassPass is the world's leading platform for studio and gym fitness. We are passionate about helping our members live a more active life - they currently book a million classes a month and we are just getting started. Our front end engineers are...

Account Associate - Missoula

ClassPass United States United States
About the Role: In this role, you are the face of ClassPass to our fitness partners. You confidently communicate the ClassPass value proposition, explain the usefulness of our tools and effectively troubleshoot partner issues. You also advocate fo...

FP&A Manager

ClassPass United States United States
We're looking for an FP&A Manager at ClassPass to drive critical analysis and forecasting that will inform the company's most important strategic decisions. You'll oversee the full company operating model and financial forecast, affording you ...

Data Specialist

ClassPass United States United States
About ClassPass ClassPass is transforming the $10B fitness industry by connecting people to over 1M studio fitness classes and inspiring them to live more actively. Founded in 2013, we've built the world's leading fitness membership through deep i...