Lyft increases latest funding round by $500M to $1.5B

Lyft just announced that it has added an additional $500 million to its most recent funding round, a $1 billion raise announced in October. The now-$1.5 billion round includes participation from Fidelity Management & Research Compant as well as the Ontario Teacher’s Pension Fund. Lyft’s post-money valuation as of this add-on raise is now $11.5 billion, with the expanded round… Read More...