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Lyft raises $1 billion at $11 billion valuation led by Alphabet’s CapitalG

Ride-hailing company Lyft has raised a new $1 billion funding round, putting its post-money valuation at $11 billion total. The round was led by Alphabet’s CapitalG, its growth-focused investment fund, and CapitalG partner David Lawee will join Lyft’s board as part of the transaction.

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