Lyft Raises Additional $150M in Funding

logo_small_pinkLyft, Inc., a San Francisco, CA-based ridesharing service, raised an additional $150m in funding.

The round was led by Icahn Enterprises L.P., the diversified holding company controlled by Carl C. Icahn which invested $100m. As part of the investment, one of Icahn’s Managing Directors, Jonathan Christodoro, will join Lyft’s Board of Directors.

The company intends to use the funds to deepen its U.S. presence and continue to advance the product.

Led by John Zimmer, President, Lyft provides an iOS and Android app to request rides by nearby community drivers who pass comprehensive background and DMV checks. It allows users to split the cost of a ride with friends and rate drivers.

This investment followed a $530m funding announced in March 2015 and a $250m round in June 2014.



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