Currently, Lyft operates in five areas, including San Francisco, Los Angeles and New York, according to its web site. Sidecar offers a similar peer-based service, backed by investors such as Lightspeed Venture Partners and Google Ventures.
DETROIT, May 23- Tom LaSorda, the former chief executive of Chrysler Group LLC and Fisker Automotive, is launching a venture capital fund with racing magnate Roger Penske to invest in technology startups. The fund, IncWell LP, will provide initial investments ranging from $50,000 and $250,000.
April 30- An investor in Uber, the fast-growing alternative taxi service, has reached out to a venture capital firm about a potential new funding round that could value the company at $1 billion or more, a person familiar with the situation told Reuters.
April 30- An investor in Uber, the fast-growing alternative taxi service, has reached out to a venture capital firm about a potential new funding round that could value the company at $1 billion or more, a person familiar with the situation told Reuters.
SAN FRANCISCO, April 29- Two years after closing on roughly $2 billion in new commitments, the venture capital firm Insight Venture Partners is raising more money.
MUMBAI, April 29- India's capital markets regulator imposed rules on alternative investment funds in May 2012. The Securities Exchange Board of India organises alternative investment funds- such as venture capital, social venture funds, small and medium enterprise funds and hedge funds- under three categories.
TOKYO, April 26- As part of Japan's economic revival plan, the new government has added $3.2 billion to the spending power of state-linked funds investing in Japanese companies, effectively acting as venture capitalists much to the chagrin of private equity firms.
TOKYO, April 26- As part of Japan's economic revival plan, the new government has added $3.2 billion to the spending power of state-linked funds investing in Japanese companies, effectively acting as venture capitalists much to the chagrin of private equity firms.
April 22- GlaxoSmithKline said on Monday it will partner with venture capitalists Avalon Ventures in a deal worth up to $495 million to fund as many as 10 drug-discovery startup companies over the next three years.
SAN FRANCISCO, April 11- Ellen Pao, a former Kleiner Perkins Caufield& Byers junior partner who is suing the venture capital firm for gender discrimination, has landed a new job heading up strategic partnerships at social-news website Reddit.
SAN FRANCISCO, March 21- John Doerr, a venture capitalist known for early investments in companies such as Amazon and Google, has become the latest victim of the hacker known as Guccifer, according to the Smoking Gun website.