Lyft extending funding round by additional $500 million

Lyft is raising up to another $500 million in funding, according to documents filed Tuesday and first reported by Axios. The effort comes a month after the San Francisco-based ride-hailing company announced a $1 billion funding round led by Google parent Alphabet Inc.’s CapitalG. The additional $500 million would be an extension of that round, according to a share authorization filing in Delaware.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

Leave a Reply