Total amount raised
$17.5 Billion
Latest funding date
10/1/2020
Location
Instacart has successfully navigated 19 funding rounds, with its latest being a Private Equity round. The company is backed by 44 investors, including recent contributors Cogito Capital and Unanimous Capital.
Instacart's journey through these funding rounds highlights its growth and the confidence investors have in its innovative grocery delivery platform. Keep reading to explore the intricacies of Instacart's fundraising journey and the investors backing this transformative service.
What Is Instacart?
Instacart, headquartered in San Francisco, California, is a leading online grocery platform that offers same-day delivery and pickup services. The company operates in multiple locations, including Toronto and New York City, and supports a flexible work environment.
Founded by Apoorva Mehta, Instacart has grown significantly, employing between 1001 and 5000 people. The company is known for its innovative approach to grocery delivery, partnering with retail stores to bring groceries to customers' doors in as little as 30 minutes.
How Much Funding Has Instacart Raised?
- Private Equity Round
- Amount Raised: USD 232,000,000
- Date: November 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support growth and operational needs.
- Secondary Market Round
- Date: September 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to existing shareholders.
- Private Equity Round
- Amount Raised: USD 265,000,000
- Date: March 2021
- Lead Investors: Andreessen Horowitz, D1 Capital Partners, Fidelity, Sequoia Capital, T. Rowe Price
- Valuation at Round: USD 39,000,000,000
- Motivation Behind the Round: To hire more employees and expand business lines.
- Private Equity Round
- Amount Raised: USD 200,000,000
- Date: October 2020
- Lead Investors: D1 Capital Partners, Valiant Peregrine Fund
- Valuation at Round: USD 17,700,000,000
- Motivation Behind the Round: To capitalize on the surge in demand for grocery delivery services.
- Private Equity Round
- Amount Raised: USD 100,000,000
- Date: July 2020
- Lead Investors: T. Rowe Price
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support operational needs and growth.
- Series Unknown Round
- Amount Raised: USD 225,000,000
- Date: June 2020
- Lead Investors: DST Global, General Catalyst
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand and enhance service capabilities.
- Secondary Market Round
- Date: September 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to existing shareholders.
- Series F Round
- Amount Raised: USD 271,000,000
- Date: November 2018
- Lead Investors: Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support growth and expansion efforts.
- Series F Round
- Amount Raised: USD 600,000,000
- Date: October 2018
- Lead Investors: D1 Capital Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance service offerings and expand market reach.
- Series E Round
- Amount Raised: USD 150,000,000
- Date: April 2018
- Lead Investors: Coatue
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support operational growth and market expansion.
Total Amount Raised: USD 2,308,000,000. Current Valuation: USD 39,000,000,000.
Key Investors
- Andreessen Horowitz
- Details: Andreessen Horowitz is a venture capital firm that invests in early-stage and growth-stage technology companies. They are known for their significant influence in the tech industry.
- Investment Focus Areas: Technology, software, consumer, enterprise, bio/healthcare, crypto.
- Notable Investments: Facebook, Airbnb, Slack.
- Sequoia Capital
- Details: Sequoia Capital is a venture capital firm that has funded many successful companies. They have a strong presence in the tech and healthcare sectors.
- Investment Focus Areas: Technology, healthcare, consumer, financial services.
- Notable Investments: Apple, Google, Oracle.
- D1 Capital Partners
- Details: D1 Capital Partners is an investment firm that operates in both public and private markets. They focus on long-term investments.
- Investment Focus Areas: Technology, healthcare, industrials, consumer.
- Notable Investments: Stripe, Robinhood, SpaceX.
- Fidelity
- Details: Fidelity is a multinational financial services corporation. They manage a large portfolio of investments across various sectors.
- Investment Focus Areas: Technology, healthcare, financial services, consumer.
- Notable Investments: Tesla, Amazon, Alphabet.
- T. Rowe Price
- Details: T. Rowe Price is a global investment management firm. They offer a range of mutual funds and advisory services.
- Investment Focus Areas: Technology, healthcare, financial services, consumer.
- Notable Investments: Amazon, Facebook, Google.
What's Next for Instacart?
Instacart stands at the cusp of significant growth opportunities. The company is poised to expand its business lines, including advertising and enterprise software for retailers. This expansion, coupled with the ongoing surge in online grocery shopping, positions Instacart to capture a larger market share.
Future fundraising opportunities are promising, with a potential IPO on the horizon. This move could provide substantial capital to fuel further expansion and innovation. However, challenges such as maintaining growth post-pandemic and navigating competition in the delivery service market remain.
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