The ride-hailing company is now valued at $11 billion. : Lyft just secured $1 billion in a funding round led by Alphabet's investment arm, CapitalG, giving it a post-money valuation of $11 billion. Lyft has been growing its cash cushion to take on Uber. The $1 billion Lyft secured in funding on Thursday follows a $600 million funding round in April. The investors behind the April investment were not disclosed. The latest funding round comes as Uber looks to rebound from a string of scandals that culminated in Uber founder Travis Kalanick's resignation as CEO.