Carl Icahn is pumping $100 million into the ride-sharing outfit Lyft, and the company actually welcomes the investment.
Companies and their executives are usually at odds with Icahn, an activist investor who often pushes to change how a company is managed. But privately-held Lyft was happy to announce the cash infusion.
“We’re thrilled to partner with Carl during this exciting period in Lyft’s growth,” said President John Zimmer.
Lyft, a competitor of Uber, will add Jonathan Christodoro, one of Icahn’s managing directors, to its board of directors.
Icahn’s investment is part of a new $150 million round of funding for the company. Lyft raised an additional $530 million back in March.
But that total still pales in comparison to Uber’s plans to raise $1 billion in its next funding round.
