Today In Data

Today In Data: Lyft’s Funding Boost

With all of the negative press about Uber, the tides are turning for its competitor Lyft.

The ridesharing alternative shared its news of recent funding that significantly gives a boost to its total valuation.

Here are the numbers:

$500 million | Funding amount Lyft is closing in on raising

$7.5 billion | Projected Lyft valuation following this funding announcement

$1 billion | Funding Lyft raised in January 2016

$5.5 billion | Lyft’s valuation after January 2016 funding

50 percent | Amount Lyft’s operations have expanded in the past three months

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