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The round extension would allow Lyft to put more money into its passenger and driver products, the company told Axios.
The round extension was led by Storm Ventures, with angels coming from Box, Eventbrite, Google, Microsoft and Stripe.
The company said it's raised an additional $5.5 million in a round in what the company is calling a seed round extension from CRV.
The round extension was put together by a range of existing and new backers, which include Goodwater Capital, Altos Ventures, Cowboy Ventures, Mousse Partners, Formation Group, Funders Club, Pear Ventures and Cota Capital.
For example, if a VC has conviction that a company is currently undervalued versus an upcoming inflection point, they may aim to proactively increase their ownership percentage via a round extension before the company gets offered externally led investments.
Sensay, the chatbot startup that lets people ask for advice from fellow users, has today announced the close of a $4.5 million seed round extension led by Norwest Venture Partners.
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HBO was the lead investor in the round, an extension of a 2014 financing that raised as much as $37 million, the report said.
Following in the footsteps of these "vertically integrated ecommerce" startups, Hubble has been able to raise $7.2 million in early stage venture funding to-date (in a seed round and extension).
Similarly, recently completed third round health extension program evaluation also showed that few women in Ethiopia receive postnatal care and most of women still give birth at home [ 14].
This tally was further increased by approximately 1,850 nanochromosomes after a further round of extension using smalt, followed by CAP3 meta-assembly, yielding a total of approximately 16,100 nanochromosomes (table 2).
Some commission officials have even discussed the possibility of a second round of extensions that would allow reactors to operate for up to 80 years.
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