Ride - hailing service Lyft has secured $ 5000 in funding , in a round led by CapitalG , the growth investment fund of Google and Alphabet . Earlier this year , Lyft announced a collaboration with Alphabet 's cab - driving outfit Waymo . This latest cash injection has put Lyft on a par with beleaguered rival Uber , which enjoyed early backing from Google Ventures , according to Forbes .
Ride-hailing service Lyft has secured $1bn in funding, in a round led by CapitalG, the growth investment fund of Google parent Alphabet. Earlier this year, Lyft announced a collaboration with Alphabet's self-driving outfit Waymo. This latest cash injection could put Lyft on a par with beleaguered rival Uber, which enjoyed early backing from Google Ventures, according to insiders.