Wednesday, March 8, 2017

Instacart Finds $400M

San Francisco-based grocery delivery service Instacart said on Wednesday that it has raised $400M in new funding. The round was led by Seqoia Capital, and also included Wellcome Trust, Y Combinator Continuity, Andreessen Horowitz, FundersClub, Khosla Ventures, Kleiner Perkins Caufield and Byers, Initialized Capital, Thrive Capital, and Valiant Capital. The company said the new funds go to help it expand its services.