Lyft Announces $1 Billion Series H Financing Round

On October 19, 2017, Lyft, a leading rideshare company in the U.S., announced that CapitalG, Alphabet's growth investment fund, is leading a $1 billion financing round in Lyft. The deal brings Lyft's post-money valuation to $11 billion. Wilson Sonsini Goodrich & Rosati is representing Lyft in the transaction.

The WSGR team that is representing Lyft in the transaction is led by partners Katie Martin and Lisa Stimmell and includes associates Becki DeGraw, Wendy Guo, Lester Ang, Gordon Grafft, and Chris Garcia. The firm has represented Lyft in each of its Series E, F, and G financing rounds.

For more information, please see Lyft's blog post announcing the new financing.