Lyft raises $1 billion led by Alphabet's CapitalG at an $11 billion valuation

Lyft today announced it has raised $1 billion, lifting the company’s valuation to $11 billion, up from $7.5 billion this spring. The funding round was led by Alphabet investment fund CapitalG, and follows $600 million in funding the ride-sharing app raised in April. CapitalG partner David Lawee will join Lyft’s board, the company said in a […]