On-demand ride-sharing startup Lyft has raised, or at least is in the process of raising, a new round of funding, according to a filing from the Delaware Division of Corporations. The new financing comes on top of about $83 million that the company has raised since being founded as Zimride back in 2007.
Details are scarce — there’s no mention of who exactly put money in — but we had previously heard that Lyft was looking to raise up to $150 million in this round. The filing seems to bear that out: For its Series D, Lyft is issuing 14,804,726 shares at a price of $10.1319 per share.
That’s a big premium over its last financing round, in which it raised $60 million led by Andreessen Horowitz, at a price of $4.2474 per share.
We’ve heard the lead investor this time around is Coatue Management, one of the growing list of hedge funds that have taken to investing in high-flying startups. Previously, Coatue had put money into Box, Snapchat, and HotelTonight.