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Alphabet’s CapitalG Leads $1 Billion Round
CapitalG — Alphabet’s growth investment fund — is leading a $1 billion financing round. This brings the post-money valuation to $11 billion. We’re also excited to work with CapitalG Partner David Lawee.
2017 has been an important year for the community. Earlier this month, we completed our 500 millionth ride, and our service is now available to 95% of the U.S. population — up from 54% at the beginning of the year.
While progressing toward our vision, we’re most excited about what lies ahead. The fact remains that less than 0.5% of miles traveled in the U.S. happen on rideshare networks. This creates a huge opportunity to serve best our cities’ economic, environmental, and social futures.
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