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The second highest valued venture backed company in the world is looking to get even richer by expanding a round of funding from $1.8 billion to $2.8 billion.
Looking to shake up a stodgy business, a former Yahoo deal-maker turned seed investor plans to offer partnership stakes to entrepreneurs funded by his new company.
Venture capital firm will use new fund to focus on the mobile-consumer, enterprise, networks, and financial-services sectors.
New financing makes the social discovery site the sixth-most valuable venture capital-backed startup.
The round was led by Japan-based e-commerce giant Rakuten. Lyft says it'll use the cash to expand its operation in the US, among other things.
Ride-sharing startup in talks to raise $250 million, and maybe as much as $500 million, the New York Times reports.
Venture capital funding for mobile apps helps end 2014 with a big influx of money for startups.
The mobile app analytics company continues to add features and says it has no plans for an acquisition or an IPO.
The ride-sharing service, which looks to be valued at roughly $40 billion, says its missteps over the past few weeks are driving it to become "smarter and more humble."
Ride-sharing startup is close to a $1 billion funding round that would give it a valuation as high as $40 billion, Bloomberg reports.