Alphabet’s CapitalG Leads $1 Billion Round in Lyft

Alphabet’s CapitalG Leads $1 Billion Round in Lyft

Today we’re happy to announce CapitalG — Alphabet’s growth investment fund — is leading a $1 billion financing round in Lyft. This brings Lyft’s post-money valuation to $11 billion. We’re also excited to work with CapitalG Partner David Lawee, who is joining Lyft’s Board.  

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2017 has been an important year for the Lyft community. Earlier this month, we completed our 500 millionth ride and our service is now available to 95% of the U.S. population — up from 54% at the beginning of the year.  

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.

Thanks to our drivers, our passengers, and our team members for making this possible.  


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