Lyft Raises $60M in Funding

Lyft, a San Francisco, CA-based on-demand car-sharing startup, raised $60m in funding.

The round was led by Andreessen Horowitz. In conjunction with the funding, Scott Weiss, a Andreessen Horowitz partner, will join Lyft’s board (read his post about the investment here).

The company intends to use the funds to continue to expand nationwide.

Launched in 2012 by John Zimmer (who also blogged about the funding here), Lyft provides a mobile app that allows riders to book a driver to their location. Before being accepted, drivers are carefully tested and their vehicles inspected.
The app is currently available for iPhone and Android mobile phones for San Francisco, Los Angeles, Seattle, and Chicago.




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