Lyft is definitely a company to watch!
We’ve heard Lyft has pitched a number of venture firms and late-stage institutional investors, but hedge fund Coatue Management seems to be in the lead for the deal. Coatue has recently invested in hot companies like Box, SnapChat, and HotelTonight, and is part of a growing trend of hedge funds making bets on later-stage startups with traction.
Andreessen Horowitz, which led Lyft’s $60 million Series C round, is also expected to contribute a large chunk of cash. Other investors in Lyft include Founders Fund, Floodgate, Mayfield Fund, K9 Ventures, Ooga Labs, fbFund, and Keith Rabois.
The company was founded as Zimride…
View original post 258 more words