Lyft wants to pick up an uber-large, $1 billion Series D
Transportation network company Lyft aims to raise up to $1 billion in new funding it revealed in a Delaware state filing — which didn’t name investors or state what valuation had been placed on the company.
In the past 18 months, the US startup has raised a half-dozen rounds that are estimated to total one billion — with a half-billion round revealed earlier this year.
Last summer, Uber was looking for an additional $2 billion in funding.
Didi Kuaidi, the leading taxi app business in China, raised $2 billion. In September, Lyft allied with it as part of a grand coalition of transportation network companies aiming to outflank Uber through calculated, limited cooperation.
Uber, still the largest of the players, filed to raise $2.1 billion at a $62.5 billion valuation earlier this year — making it theoretically better than any other privately-held US technology company. It claims to be profitable in dozens of cities.
Sean O’Neill had roles as a reporter and editor-in-chief at Tnooz between July 2012 and January 2017.