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.
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.
E-commerce firm Rakuten also took part in the round, as did Fidelity Investments, Ontario Teachers’ Pension Plan, AllianceBernstein, Baillie Gifford, KKR and Janus Henderson, according to a statement by Lyft. It valued the company at $11.5bn post-money.
Lyft’s on-demand ride service is the second most popular in the US, behind…
