Corporate Valuations - News Lyft raises more than $500m as it approaches $7bn valuation



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Lyft raises more than $500m as it approaches $7bn valuation


Date: 8-April-2017

Lyft has raised more than $500m at a valuation of $6.9bn. The new valuation figure represents a 50 per cent increase from Lyft’s previous fundraising round in January 2016, which valued the company at $4.5bn.The $6.9bn figure is a “pre-money” valuation that excludes new capital raised. If the $500m in new investments is included, that number rises to $7.4bn. San Francisco-based Lyft has long played second-fiddle to Uber, but has experienced rapid growth in the past year. Its 2016 revenues were $708m, more than triple those of 2015,

 
 
 
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