Instacart Obtains $8,500,000 Series A Funding

  • Feed Type
  • Date
    7/10/2013
  • Company Name
    Instacart
  • Mailing Address
    388 Beale St 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
    $8,500,000
  • Transaction Round
    Series A
  • Proceeds Purposes
    Instacart plans to use the proceeds of this round to fund expansion beyond San Francisco, with a goal of being in at least 10 major cities across the U.S. by the end of 2014.
  • M&A Terms
  • Venture Investor
    Sequoia Capital
  • Venture Investor
    Canaan Partners
  • Venture Investor
    Khosla Ventures
  • Venture Investor
    SV Angel
  • Venture Investor
    Investor

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