The Traderszone Network

Published in TZ Latest News 21 December, 2015 by The TZ Newswire Staff

Ride-hailing firm Lyft plans to raise up to $1 billion in financing: Bloomberg

The document filed by Lyft on Friday evening did not indicate how much had been raised, who was investing in the round or list a valuation, Bloomberg said. While Justin Byers at VC Experts estimated it closer to $3.9 billion, Bloomberg said. Lyft, which makes a smartphone app that allows passengers to summon a ride, currently operates in about 150 U.S. cities.