The ride-hailing company is seeking a $1.2 billion financing round led by investors including Goldman and JPMorgan, according to a filing with the Securities and Exchange Commission.
Lyft raised the funding from Andreessen Horowitz and other investors.
The funding round includes funding from New York-based private equity firm Andreessen Capital and the venture capital firm Greylock Partners.
The company plans to begin accepting new drivers in the second half of the year.
Lyft, which has grown from a $500 million valuation in August to $1,000 million today, is one of the hottest companies in the ride-sharing industry, valued at more than $10 billion, according a report by PitchBook.
The company is now valued at $8 billion, including $4 billion in cash.
Lyft recently announced a $3 billion round led in part by Goldman Sachs, and it is also in talks with private equity firms Greylocks and Andreessen.
Lyndon Johnson, Lyft’s co-founder and chief executive officer, recently spoke at a conference hosted by Bloomberg.
Johnson also recently attended a Silicon Valley investor summit, according the Wall Street Journal.
Lyttons chief executive, Travis Kalanick, has previously said the company has reached $1 trillion in annual revenue.