Instacart Lands $2,300,000 Seed Funding Round
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=1b138af1-4188-4e81-b214-353271a8f90e&Preview=1 -
Date
10/26/2012 -
Company Name
Instacart -
Mailing Address
Undisclosed San Francisco, CA 94105 -
Company Description
Founded by former Amazon.com Inc. employee Apoorva Mehta, Instacart wants to eliminate the trip to the grocery store altogether by using a team of smartphone-equipped drivers who get paid to shop and deliver goods on a customer’s behalf. -
Website
http://www.instacart.com -
Transaction Type
Venture Equity -
Transaction Amount
$2,300,000 -
Transaction Round
Seed -
Proceeds Purposes
The company, which came through start-up incubator Y Combinator, said it has already served thousands of customers in the Bay Area and will use the money to expand to six additional cities. -
M&A Terms
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Venture Investor
Canaan Partners -
Venture Investor
Khosla Ventures
