Lyft $150M Round Of Funding Confirmed


Lyft

According to a filing from the Delaware Division of Corporations, the popular on-demand ride sharing startup Lyft is raising a new Series D $150 million round of funding.

The company previously raised a total of $83 million since being founded in 2007, this round would bump its total funding up to $223 million.

The filing doesn’t go into details, so there is no indication of who is participating in the new round of funding.

Lyft recently expanded to Santa Barbara, where they hope to capture the close-knit community. Santa Barbara is Lyft’s 7th market in California and their 24th across America. The company has also launched in cities and college towns such as Pittsburgh, Houston, Minneapolis, Madison, and Columbus.

It is rumored that the lead investor for the latest round of funding is being led by Coatue Management, a growing hedge fund that has invested in startups such as Snapchat, HotelTonight, and Box.

The ride sharing startup is also at SXSW this year hosting a party where they say people can enjoy skip-its, games of four square, capri suns, and special appearances by talented members of their driving community.

Lyft invites people to come check them out Sunday from 2 – 6 p.m. and is offering free ride credits for any city Lyft is in.


Chris Atkins

Chris Atkins leads product development at PostalBit, is a writer, internet marketer, content coordinator, and startup founder. He has worked alongside serial entrepreneur and investor Jason Calacanis, and social media mogul Brendan Hampton. Chris previously managed social media and produced content for Launch.co, and curated content for Funny.gg (sold to Bitly). He has spent years covering the business, technology, health, and finance sectors among many others.

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