Lyft raises $250 million

Posted Apr 3, 2014

Lyft has raised $250 million in funding in order to expand its ride-sharing services in the U.S. and across the globe. The $250 million Series D round was provided by Coatue Management, Alibaba, Third Point, Andreessen Horowitz, Founders Fund, and Mayfield Ventures. Lyft is now available in 30 cities throughout the country. The company also went from 30 employees at the start of the last year to around 240 now. The company is now moving to a larger office.
[Source: TechCrunch]