Timeline of Lyft's Financial Growth and Funding

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Lyft is a ride-hailing company founded in 2012 in San Francisco, California. The company allows users to request rides from drivers who use their cars. Lyft has raised over $12 billion in funding from investors including Andreessen Horowitz, Sequoia Capital, and Fidelity Investments. The company went public on the Nasdaq in 2017. The timeline highlights the significant milestones of Lyft’s financial growth and funding throughout its history.

2012 : The company was founded in San Francisco, California, and cameroon phone number data raised a $500,000 seed round;
2013 : Lyft launched its ride-hailing service in San Francisco and raised a $6 million Series A round;
2014 : Lyft expands to Los Angeles, Chicago, and New York City. $10 million Series B round;
2015 : Launches its bike-sharing service, Lyft Bikes. $15 million Series C round;
2016 : Launches its scooter-sharing service, Lyft Scooters. $500 million Series D round;
2017 : Goes public on the Nasdaq stock exchange. $2.2 billion IPO;
2018 : Expands to 640 cities in the United States and Canada. $1 billion Series E round;
2019 : Launches its car-sharing service, Lyft Express Drive. $5.5 billion Series F round;
2020 : Launches its multimodal app, allowing users to book rides, bikes, and scooters in one place. $2.5 billion Series G round;
2021 : Expands to 500 cities in the United States and Canada. $2.4 billion Series H round;
2022 : Reports revenue of $4 billion. Net loss of $1.58 billion.
Lyft has grown significantly since its founding in 2012. The company has raised more than $12 billion in funding and expanded to more than 500 cities in the United States and Canada. However, Lyft is still not profitable. The company reported a net loss of $1.58 billion in 2022 and hopes to become profitable. It has said it is focused on cutting costs and improving efficiency. Lyft also hopes to capitalize on the growth of the ride-hailing market.