Published: March 01, 2019
David Lawee, who previously did mergers and acquisitions for Google, is the big-cheese partner for CapitalG, the growth-stage investment arm of Google’s parent company, Alphabet.
He led a massive $1 billion round for Lyft in 2017 for CapitalG, just a few months after Lyft’s previous $600 million raise.
The investment was widely interpreted as Google’s effort to switch horses in the ride-hailing race. Google had, years earlier, invested in Uber, but Google and Uber had locked horns competing over self-driving cars.
Twenty-five other investors piled in, bringing the total raised in the round to $1.7 billion.
CapitalG has nearly 12.6 million shares of Lyft, or a 5.23% stake.
from Declare News https://ift.tt/2BYNoTK
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