Instacart Announces $265 Million in New Funding Led By Existing Investor
We’re pleased today to announce that Instacart has raised $265 million as part of a new financing round from existing investors including Andreessen Horowitz, Sequoia Capital, D1 Capital Partners, Fidelity Management & Research Company LLC, and T. Rowe Price Associates, Inc. Today’s announcement increases the company’s valuation to $39 billion.
Instacart today partners with nearly 600 national, regional and local retailers, including unique brand names, to offer delivery and pickup services from more than 45,000 stores to over 85% of U.S. households and 70% of Canadian households. In 2020, we added more than 200 new retailers and more than 15,000 new store locations to the Instacart marketplace. We’ve also expanded our same-day delivery and pickup offering across several new categories, including prescriptions and over-the-counter medications, office supplies, electronics, health, beauty and wellness, home decor, sports equipment, and more.
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