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A Saudi prince has invested $105 million into Lyft

By Lorie Wimble1 min readGoogle News

In contrast to Uber’s aggressive international expansion, Lyft has chosen to focus all of its attention on its home market, but despite the fact that it only operates in the United States, the ride-sharing service is actually attracting a lot of foreign investment. The most-notable of these investors is Prince Al-Waleed Bin Talal bin Abdulaziz al Saud of Saudi Arabia, who recently led a $247.7 million round of funding for Lyft to acquire somewhere around 5% of the company, with 2.3% going directly to him. Al-Waleed has invested in numerous American companies in the past, including Apple and Twitter, but what makes this investment a bit odd is the fact that Lyft isn’t an international company.

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