Lyft, the San Francisco-based ridesharing company that connects citizen drivers with those looking for a lift, announced a $250 million funding round Wednesday.
The funding round included existing investors like Andreessen Horowitz and Founders Fund, but also included new investments from Coatue, Alibaba and Third Point.
The news comes less than a month after Re/code reported a $150 million funding round was on its way, but the company exceeded that total due to interest from investors. That would have pegged the company's value at $700 million, according to Re/code, significantly less than Uber's $3.5 billion valuation after a similar $258 million funding round Read more...
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