Instacart’s insane valuation growth
$265M funding round more than doubles company’s valuation from last October 257 3 minutes read Instacart has announced a new funding round of $265 million, increasing its valuation to $39 billion. (Photo: Instacart)
Instacart has announced a $265 million venture fundraising round, putting the total value of the company at $39 billion more than double what it was just six months ago.
The round involved existing investors Andreessen Horowitz, Sequoia Capital, D1 Capital Partners, Fidelity Management & Research Co. LLC, and T. Rowe Price Associates Inc.
“Today’s fundraising reflects the strength of Instacart’s business, the growth our teams have delivered, as well as the incredible opportunity ahead. This past year ushered in a new normal for millions of people and changed the way we shop for groceries and goods,” the company wrote in a blog post.
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