Lyft Is Chasing After $1 Billion in New Investment
Skift Take
Lyft will be giving up significant control to raise this billion — much more than its main rival does for the same amount of money.
Ride-hailing company Lyft Inc. plans to raise as much as $1 billion in new funds, according to a Delaware state filing, in a round of financing analysts said could sharply boost the valuation of Uber Technologies Inc.’s largest U.S. rival.
Lyft didn’t indicate in the Friday evening filing how much had been raised, who was investing in the round or list a valuation. Sve
