Very excited to share that Red Bear Angels portfolio company Lyft has announced a 15.1 Billion post-money valuation on the heels of 600 Million in fresh financing from current investor Fidelity.

John Zimmer (’06) continues to be a great role model for Cornell entrepreneurs as he and his team build a business rooted in principle and vision.

Have a look at the full story via the Wall Street Journal!

Lyft’s Valuation Doubles to $15.1 Billion Over One Year in Battle With Uber

Fidelity is leading a $600 million round to help Lyft keep apace of its bigger rival

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