About Lyft
Lyft designs, markets, and operates a mobile application that matches drivers with passengers who request rides.
Headquarters
Lyft, San Francisco
Founded
2012-05-22
Industry
Apps, Mobile Apps, Ride Sharing, Software, Taxi Service, Transportation
Last Funding Type
Post Ipo Debt
Valuation
312
Total Funding
$5.31 billion dollars
IPO Status
Public
Financial
Lyft reported strong financial performance with a surge in revenue and a narrowing net loss for Q1 2024. The company also forecasted a 15% annual growth in gross bookings through 2027. Additionally, Lyft experienced an increase in its customer base, as evidenced by the addition of new riders and a rise in bookings. The company also benefited from cost cuts, which contributed to its positive financial outlook.
Funding Rounds
29
Number of Lead Investors
13
Total Funding Amount
$5.31 billion dollars
Number of Investors
93