Lyft Lands $500,000,000 New Funding Round

  • Feed Type
  • Date
    1/4/2016
  • Company Name
    Lyft
  • Mailing Address
    548 Market St. San Francisco, CA 94104 USA
  • Company Description
    Lyft is an on-demand ridesharing service. Using the Lyft iPhone app, passengers can instantly request a pickup, and a safe, friendly driver will arrive within minutes. The Lyft staff carefully selects pre-vetted, trustworthy drivers from the community who swiftly get passengers to their destinations.
  • Website
    http://www.lyft.me
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $500,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    As part of the investment into Lyft, G.M. will work on developing a so-called autonomous on-demand network of self-driving cars.
  • M&A Terms
  • Venture Investor
    GM Ventures