Lyft said to raise $500m in new round, valuing ride-share firm at $7.5b

Lyft said to raise $500m in new round, valuing ride-share firm at $7.5b

A driver displays Uber and Lyft ride sharing signs in his car windscreen in Santa Monica, California, U.S., May 23, 2016. REUTERS/Lucy Nicholson/Files

Lyft Inc. has raised about $500 million in a new round of funding that will value the ride-sharing company at $7.5 billion, according to a person familiar with the investment.

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