Lyft, Inc. Asset Profile

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Year established

2012

Location

San Francisco CA US

Primary Industry

Transportation Services

About

Based in California, US, and founded in 2012, Lyft, Inc., formerly known as Zimride Inc. provides a mobile transportation application that allows users to book and track shared rides, electric scooters, and public transportation online. The company was co-founded by Logan Green and John Zimmer and in 2013, it changed its name to Lyft. In June 2018, Lyft raised USD 600 million in Series I funding led by Fidelity Investments, with participation from Comcast Ventures, Light Street Capital Management, and Senator Investment Group. The series I funding valued the company at USD 15.1 billion post-money. In 2019, Lyft, Inc. became a publicly listed company on the NASDAQ under the ticker symbol LYFT, and in 2021, the company’s self-driving unit was acquired by Toyota Motor Corp. As of December 2020, Lyft had 4,675 employees. Lyft, Inc. offers a mobile application that allows commuters to book and rent rides such as cars, bikes, and electronic scooters. The transportation solution enables users to manage rides, track the distance of the destination, book public transportation, and rent cars, bikes, and scooters. The company also offers Level 5, a self-driving system for cars. In 2020, Lyft, Inc. reported a revenue of USD 2.36 billion, compared to USD 3.6 billion in 2019. Following its acquisition by Toyota Motor Corp., the company plans to commercialize autonomous vehicle technology.

Current Investors

Tenaya Capital, Mayfield Fund, K9 Ventures

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Primary Industry

Transportation Services

Sub Industries

Car Hire Services, Analytics & Performance Software, Connectivity Software

Website

www.lyft.com

Verticals

Artificial Intelligence, E-commerce, Mobile Apps

Company Stage

Mature

Total Amount Raised

Subscriber access only

Deals

Deals Type
Trade Sale
Buyout

Deal Status	Target (s)	Deal Date	Investor(s)	Seller(s)	Deal size (Mn)	Enterprise value (Mn)	Post-money valuation (Mn)	EBITDA multiple (x)	Revenue multiple (x)	Lead partner (s)
Completed	Motivate International Inc.	02 Jul 2018
Completed	Lyft, Inc.	01 Jun 2012

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