NEW YORK — Carl Icahn is joining the parade of investors in startups, hitching a $ 100 million ride with the ride-hailing service Lyft.
The billionaire activist investor is known for tangling with corporate boards, sometimes launching proxy fights and pushing companies to make big changes or sell themselves. He’s known less for investing in startups, but that’s become one of the hottest areas in the market. Venture capitalists poured more than $ 48 billion into startups last year, the most since the dot-com bubble burst.
Icahn, below, owns stakes in Apple, Yahoo, Netflix, Hertz, Gannett and eBay, among many other publicly traded firms.
Users download Lyft’s app and use it to book a ride from a nearby driver, and they can use the app to pay for their rides. In March, the company raised $ 530 million and valued itself at $ 2.5 billion. The privately held company said Friday it brought in $ 150 million in the new round of fundraising including Icahn’s investment.
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