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ISSUE – Jun. 28 | Lyft valuation hits $15.1 billion after fresh $600 million in funding

Lyft  has raised an additional $600 million in a Series I financing round led by Fidelity Management & Research Company, pushing its post-money valuation to $15.1 billion. The company’s value has more than doubled in the past 14 months.

Senator Investment Group LP joined Fidelity in the capital raise. Fidelity has poured more than $800 million into the ride-hailing company, making it one of Lyft’s largest investors. [ Tech Crunch ]

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