Zimride, Parent Company Of Lyft, Raises $15 Million

What's Next In Payments®
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

Read the full story here.

Topics:
Comments
Also by This Author
What's Hot
Mobile Commerce
Is Apple A Threat To Small Banks?
Alternative Financial Services
Kiosk-based Money Transfers In Russia Double
Merchant Innovation
Did Apple Almost Buy Discover?
Mobile Commerce
Skrill To Directly Challenge PayPal With Launch Of Marketplaces
View All Articles ››
You May Also Like
Company Spotlight
Different mPOS Strokes for Different mPOS Folks
International
Digital River Offers A Sneak Peak At Mobile eCommerce Trends
Mobile Commerce
Trustwave Buys Cenzic To Beef Up App Testing Capability
B2B Payments
3M Looks To Grow Its B2B Commerce
Mobile Commerce
Is Apple A Threat To Small Banks?
Alternative Financial Services
Kiosk-based Money Transfers In Russia Double
Merchant Innovation
Did Apple Almost Buy Discover?
View All Articles ››