CapitalG

In recent years, more and more startups have worked to disrupt traditional industries by leveraging technology and big data. Oscar was founded in 2012 to improve health insurance, and today it received a $375 million investment from Alphabet.

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Last month, Google was rumored to be mulling a huge investment in Lyft as the two companies work together against Uber to bring self-driving cars to the mainstream. Today, the ride-sharing service announced that Alphabet’s CapitalG investment fund led a $1 billion financing round.

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While GV — formerly Google Ventures — is Alphabet’s more well-known venture capital arm, the parent company also runs a fund aimed at late-stage growth companies. Google Capital is now being renamed as CapitalG, with the new site revealing a previously unknown investment in the makers of Snapchat.

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