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6 December 2017

Lyft upgrades CapitalG-led round to $1.5bn

Existing backer Rakuten was also among the investors, as on-demand ride service Lyft added $500m to a round that values it at $1.5bn post-money.

Author: Robert Lavine, News Editor

US-based ride hailing platform Lyft has expanded a funding round led by CapitalG, the growth equity arm of internet and technology group Alphabet, from $500m to $1.5bn, Bloomberg reported yesterday.