Seeking Alpha

Lyft raises $80M at reported $700M pre-money valuation

  • Lyft, the developer of a ride-sharing mobile app, has raised $80M in a Series D fundraising round, with reports saying that the company was given a pre-money valuation of $700M.
  • Andreessen Horowitz was one of the investors.
  • The company is looking to bring in another $70M as part of the round.
  • Lyft competes with Uber, which raised $250M at a $3.5B valuation last summer.
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