Report: Instacart raising $100M at $2B valuation
Send this to a friend
- 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.
Click here to subscribe to TechFlash Silicon Valley, the daily email newsletter about startups, venture and angel investors.
Marlize is the digital producer for the San Francisco Business Times.
Most Popular
- Most popular
- Emailed
- Mobile
- 40 Silicon Valley entrepreneurs under 40: Meet the startup stars
- $40,500 for K-12 tuition? A look at Valley private schools' tuitions
- From domes to homes: Santana Row's western addition takes shape
- Google just spent $120 million on 12 acres in Southern California
- Merlone Geier gets OK for next phase of Mountain View mixed-use
- Microsoft pays $200M for Accompli, which had only $7.3M in VC funding
- VTA backs off BART station changes, for now
- Cypress Semiconductor buys Spansion for about $1.6 billion
- Hortonworks lowers IPO target a bit, hopes to raise up to $96.6M
- Future Palo Alto home of Yelp in limbo after council spurns grocer
-
NetEnrich, Inc.
-
Alamo Capital
-
Infoblox
-
Pluribus Networks
-
Realty Dividend, LLC
-
JLR Interior Designs, LLC
-
Dean of the Leavey School of Business Santa Clara University | Santa Clara, CA
-
Validation Engineer Kelly Engineering Resources | San Jose, CA
-
Retail Sales Representative - San Jose, CA Blossom Hill Road Verizon Wireless | San Jose, CA
-
Network Security Consultant Wipro Limited | San Jose, CA
-
Inhouse Perm Recruiter Confidential | San Jose, CA
Featured Property
Comments
If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the 'Post to Facebook' box selected, your comment will be published to your Facebook profile in addition to the space below.