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20 October 2017

Lyft arrives at $1bn round

CapitalG, Alphabet's growth-stage investment arm, has led a $1bn funding round for Lyft that valued the ride hailing platform at $11bn.

Author: Thierry Heles, Reporter

US-based ride hailing platfirm Lyft raised $1bn yesterday in a funding round led by CapitalG, the growth-stage investment arm of internet and technology conglomerate Alphabet.