CapitalG, Alphabet's growth-stage investment arm, has led a $1bn funding round for Lyft that valued the ride hailing platform at $11bn.
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.
Lyft has not named any other investors in the round, which valued it at $11bn and which was first rumoured last month. CapitalG partner David Lawee has joined Lyft’s board of directors in connection with the round.
The deal came shortly after Lyft entered talks with investment banks about a possible initial public offering in…
