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.