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Lyft reportedly seeks $500 million in new funding

Lyft reportedly seeks $500 million in new funding

Lyft is reportedly in the process of fundraising a new round of capital, taking advantage of Uber’s current internal crisis. It’s reported that the on-demand ride-hailing service is talking to potential investors about putting in at least $500 million at a valuation of between $6 billion and $7 billion. A Lyft spokesperson declined to comment.
Lux Capital announces fresh $400 million fund to back ‘contrarians and outsiders’ from science and tech

Lux Capital announces fresh $400 million fund to back ‘contrarians and outsiders’ from science and tech

Lux Capital, a venture capital (VC) firm that makes “long-term bets on contrarians and outsiders,” has announced a new $400 million fund, bringing its total currently under management to $1.1 billion. With hubs in Menlo Park and New York City, Lux Capital focuses on funding emerging science and technology startups — typically at the seed or Series A stage, though it may also venture into Series B territory from time to time. The firm was founded in 2000 by Peter Hébert, Robert Paull, and Josh Wolfe, and it has established four funds previously, including a $245 million pot back in 2013 and an oversubscribed follow-up of $350 million two years later.
YouTube announces cable-free TV subscription service

YouTube announces cable-free TV subscription service

The company announced a live and on-demand streaming TV service called "YouTubeTV" on Tuesday. The subscription, which will cost $35 a month for a family plan of up to six accounts, is expected to launch in the next few months in the U.S. Currently there are no plans for international service.


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