Instacart Announces $200 Million In New Funding From Existing Investors Valiant Peregrine Fund And D1 Capital Partners
SAN FRANCISCO, Oct. 8, 2020 /PRNewswire/ --Instacart, the North American leader in online grocery delivery, today announced it has raised $200 million as part of a new financing round led by existing investors Valiant Peregrine Fund and D1 Capital Partners.
- SAN FRANCISCO, Oct. 8, 2020 /PRNewswire/ --Instacart, the North American leader in online grocery delivery, today announced it has raised $200 million as part of a new financing round led by existing investors Valiant Peregrine Fund and D1 Capital Partners.
- The investment comes as consumer demand for Instacart's online grocery delivery and pickup services continues to grow and the company expands its marketplace with new and existing retail partners.
- "Today's investment is a testament to the strong conviction our existing investors have in the strength of our teams and the important role Instacart plays for customers, partners, and the entire grocery ecosystem.
- The opportunity for Instacart is significant, and we're proud to once again increase our investment in the business," said Dan Sundheim, Founder of D1 Capital Partners.