Investments · Ride-hailing
Rakuten leads Lyft's $530 million round with $300 million investment
- Investor
- Rakuten (Tokyo)
- In
- Lyft, San Francisco, California
- Value
- $300M for 11.9%, as lead investor in a $530M Series E
- Status
- Completed.
- Date
- 2015-03-11
Rakuten invested $300 million in Lyft, the San Francisco ride-hailing company, for a stake of 11.9%. Rakuten led Lyft's $530 million Series E round.
Why it matters
The investment gave Rakuten a large minority position in the second US ride-hailing platform at a time when it was building an internet services presence outside Japan.
Sources
Kakehashi M&A News home
