Lyft Raises $250M

logo_colorAccording to a post (read here), Lyft, a San Francisco, CA-based ride-sharing company, raised $250m in funding.

The round was led by Coatue Management with participation from Third Point, Alibaba Group, Andreessen Horowitz, Founders Fund and Mayfield.

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

Led by CEO Logan Green, Lyft offers a transportation network with checked and screened community drivers.
The app is available as a free download from the Apple App Store and Google Play with the service currently available in 30 cities.



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