Lyft set to boost investment with sizable $150 million+ Series D [Update]

*Update*: Lyft has confirmed funding of $250 million from existing investors Andreessen Horowitz, Founders Fund and Mayfield as well as Coatue and Alibaba Group. Funds will go towards expansion in both the US and internationally. According to the Lyft blog, the startup has grown from two cities a year ago to 30.

Original story from here

Ride sharing startup Lyft is set to ramp up operations with a pending $150 million Series D round of financing.

The startup filed the paperwork below in Delaware, marking movement towards the completion of a Series D. The company is offering up 17,804,726 shares at a price of $10.1319 each in the Series D round.

The last round of cash valued shares at $4.2474, so this is more than a 40% increase in valuation of the stock price in this round.

TechCrunch claims that the lead investor is Coatue Management; Tnooz has reached out for confirmation but hasn’t yet heard back.

NB: Car cash image courtesy Shutterstock.

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Nick Vivion

About the Writer :: Nick Vivion

Nick is the Editorial Director for tnooz, where he oversees the editorial and commercial content as well as emerging businesses like tnoozLIVE. Prior to this role, Nick has multi-hyphenated his way through a variety of passions: restaurateur, photographer, filmmaker, corporate communicator, Lyft driver, Airbnb host, journalist, and event organizer. Outside of work, Nick enjoys exploring the emerging world of crypto -- and the actual world with his dogs Rick and Loki.



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