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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 may be the lead investor in the new round.
Instacart 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, Khosla Ventures, Canaan Partners, Y Combinator boss Sam Altman and Box founder Aaron Levie.
Marlize is the digital producer for the San Francisco Business Times.
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