Zimride, Parent Company Of Lyft, Raises $15 Million

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3:50 PM EDT January 31st, 2013

Zimride, the parent company of ride-sharing service Lyft, has raised $15 million funding from a round led by Founders Fund, reports TechCrunch. Existing investors Mayfield Fund, K9 Ventures and Floodgate also pitched in for the round.

The funding should help Zimride compete against others in the space such as SideCar and Uber. News of Zimride’s funding broke shortly after Lyft revealed that they had settled with California regulators and expanded to Los Angeles

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