Lyft increases latest funding round by $500M to $1.5B

 Lyft just announced that it has added an additional $500 million to its most recent funding round, a $1 billion raise announced in October. The now-$1.5 billion round includes participation from Fidelity Management & Research Company as well as the Ontario Teachers’ Pension Fund. Lyft’s post-money valuation as of this add-on raise is now $11.5 billion, with the expanded round… Read More

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