• Lyft rakes in $1 billion in funding round led by Alphabet's CapitalG

    1 month ago - By SiliconBeat

    Lyft's cash infusion comes as larger rival Uber is struggling after a series of embarrassing scandals.
    Read more ...

     

  • Lyft Raises $1 Billion From CapitalG, Finding an Ally in Alphabet

    Lyft Raises $1 Billion From CapitalG, Finding an Ally in Alphabet

    1 month ago - By NY Times

    The ride-hailing company added fresh capital to its coffers from the venture arm that was spun out of Google, as the battle to conquer transportation continues.
    Read more ...

     

  • Lyft gets $1 bn from Google parent to rev up challenge to Uber

    1 month ago - By Phys.org

    US ridesharing giant Lyft announced Thursday it has received a $1 billion investment led by the venture arm of Google parent Alphabet, to help ramp up its challenge to market leader Uber.
    Read more ...

     

  • Alphabet's CapitalG leads Lyft's $1 billion funding round

    1 month ago - By Reuters

    Lyft Inc has raised $1 billion in fresh financing, the ride-services company said on Thursday, in a round led by one of Alphabet Inc's investment funds, further complicating the convoluted world of ride-hailing alliances and dealing a blow to rival Uber Technologies Inc.
    Read more ...

     

  • Lyft confirms $1B investment from Alphabet - CNET

    1 month ago - By CNET

    The financing from Google's parent company brings the ride-hailing company's valuation to $11 billion.
    Read more ...

     

  • Lyft just got an absurd amount of money from Alphabet

    Lyft just got an absurd amount of money from Alphabet

    1 month ago - By SlashGear

    That Google parent company Alphabet has a ridiculous amount of money at its disposal isn't exactly a shocking realization for anyone. Today we're seeing Alphabet throw some of that money around by investing a truly eye-watering amount into ride-sharing service Lyft. Such a huge investment could give Lyft the leg-up it needs to really take the fight to Uber. As...
    Read more ...

     

  • Alphabet leads $1 billion investment in Lyft

    1 month ago - By CNN

    Google's parent company is throwing its weight behind Lyft, after having previously invested in Uber.
    Read more ...

     

  • Alphabet's CapitalG leads Lyft's latest $1 billion funding

    1 month ago - By Reuters

    Lyft Inc has raised $1 billion in fresh financing, the ride-services company said on Thursday, in a round led by one of Alphabet Inc's investment funds, further complicating the convoluted world of ride-hailing alliances and dealing a blow to rival Uber Technologies Inc.
    Read more ...

     

  • Google parent-company Alphabet invests $1 billion in Lyft

    Google parent-company Alphabet invests $1 billion in Lyft

    1 month ago - By MobileSyrup

    Google's parent-company Alphabet is investing a substantial amount of capital in American ridesharing service Lyft. According to the Lyft blog , Alphabet's CapitalG - the company's growth investment fund - is currently looking to invest approximately $1 billion USD into the ridesharing company. Not only does this bring Lyft's valuation to $11 billion USD, it also serves as a very public move against global ridesharing giant Uber. To say that Google's parent-company Alphabet and American ridesharing giant Uber have a contentious relationship is an understatement. The two companies have been...
    Read more ...

     

  • Alphabet leads Lyft's latest $1 billion funding

    1 month ago - By Reuters

    Uber rival Lyft said on Thursday Capital G, the growth investment fund of Google parent company Alphabet Inc , led a $1 billion round of financing, boosting the valuation of the ride-hailing service to $11 billion.
    Read more ...

     

  • Google's parent company just led a $1 billion investment into Lyft - valuing it at $11 billion

    Google's parent company just led a $1 billion investment into Lyft - valuing it at $11 billion

    1 month ago - By Business Insider

    Lyft just secured $1 billion in a funding round led by Alphabet's investment arm, CapitalG, giving it a post-money valuation of $11 billion.
    Lyft has been growing its cash cushion to take on Uber. The $1 billion Lyft secured in funding on Thursday follows a $600 million funding round in April. The investors behind the April investment were not disclosed.
    The latest funding round comes as Uber looks to rebound from a string of scandals that culminated in Uber founder Travis Kalanick's resignation as CEO. Uber has lost some footing in key cities as of late; it lost its license to operate in...
    Read more ...

     

  • Lyft raises $1 billion in funding round led by Google's venture arm

    Lyft raises $1 billion in funding round led by Google's venture arm

    1 month ago - By The Verge

    Lyft announced an impressive new funding round of $1 billion led by CapitalG, Google's venture arm. The latest cash infusion values the ride-hailing service at $11 billion, the company announced. As part of the deal, CapitalG Partner David Lawee will be joining Lyft's board.
    The financing news comes at a time when Lyft continues to profit off of the stumbles of its primary rival, Uber. In July, it was reported that Lyft's gross bookings, the revenue earned by its drivers, grew by about 25 percent to $1 billion in the second quarter of 2016 from $800 million in the previous period. That's a...
    Read more ...

     

  • Alphabet invests $1 billion in Lyft

    1 month ago - By Engadget

    Last month, we reported on rumors that Alphabet, Google's parent company, was considering investing in Lyft. Now, Lyft has announced that CapitalG, which is Alphabet's growth investment fund, is leading a $1 billion financing round in the car-sharing...
    Read more ...