DETROIT, MI, and BOSTON, MA – May 22, 2015. Fontinalis Partners (www.fontinalis.com), a venture capital firm strategically focused on next-generation mobility, announced today that it has invested in Lyft, the San Francisco-based ridesharing service provider and sharing economy pioneer. Fontinalis Partners participated in the Series E funding round and will provide strategic support as Lyft continues to scale.
Fontinalis Partners was co-founded in 2009 by William Clay Ford, Jr. (“Bill Ford”) and other leaders in transportation, media, telecom, and financial services to bring a strategic investment approach to scaling thought-leading companies in next-generation mobility. Next-generation mobility encompasses the efficient movement of goods, people, and services, and companies like Lyft are evidence of the tremendous innovation and market adoption that is occurring in this market.
John Zimmer, co-founder and President of Lyft, said, “With this financing, we will continue to focus on deepening our footprint, leading product innovation, and providing the best possible experience for drivers and passengers. We welcome Fontinalis Partners as a new investor and look forward to working together to improve mobility and reconnect local communities.”
Bill Ford, a Founder & Partner of Fontinalis Partners, added, “Our investment in Lyft represents a continued commitment to investing in the future of mobility. Lyft is enabling an exciting new model of freedom and personal mobility, as evidenced by its millions of satisfied users. Fontinalis Partners looks forward to working with Lyft to help it in its goal of building a sustainable and interconnected transportation system.”
About Fontinalis Partners
Fontinalis Partners, with offices in Detroit and Boston, is a venture capital firm strategically focused on next-generation mobility. The firm was founded in 2009 by Bill Ford, Ralph Booth, Chris Cheever, Chris Thomas, and Mark Schulz. Fontinalis invests across all facets of the world’s mobility systems on a stage- and size-agnostic basis. Fontinalis is not affiliated with Ford Motor Company. More information is available at www.fontinalis.com.
SOURCE Fontinalis Partners