Report: Instacart raising $100M at $2B valuation
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- Marlize van Romburgh
- Digital Producer- San Francisco Business Times
San Francisco-based home delivery service Instacart is near closing a more than $100 million funding round that will value the 2-year-old company at $2 billion, sources told TechCrunch.
TechCrunch said sources indicate that Kleiner Perkins Caufield & Byers may be the lead investor in the new round.
Instacart, led by co-founder and CEO Apoorva Mehta, launched two years ago and now operates in 10 cities in the U.S.
The latest round will bring Instacart's total raised to date to $154.8 million. Investors have included Andreessen Horowitz, Sequoia Capital, Khosla Ventures, Canaan Partners, Y Combinator boss Sam Altman and Box founder Aaron Levie.
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Marlize is the digital producer for the San Francisco Business Times.
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