Ontario Teachers' among backers of Lyft's $500 mln round: Reuters

U.S. ride hailing company Lyft raised an additional US$500 million in its recent round of funding, bringing in new capital totaling US$1.5 billion, Reuters reported. The funding round was led by one of Alphabet Inc's investment funds, CapitalG, bringing Lyft's current valuation to US$11.5 billion, the company said. Fidelity Management & Research, Ontario Teachers’ Pension Plan, AllianceBernstein, Baillie Gifford, KKR, Janus Henderson Investors and Rakuten also took part in the round. San Francisco-based Lyft is also backed by Public Sector Pension Investment Board (PSP Investments).

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