Funding round
Gopuff Growth
Reported as "Growth Equity"
Gopuff, which works in multi-category delivery services in Philadelphia, raised $380M in a Growth round announced on 8 Oct 2020, led by Accel and D1 Capital Partners, at a $3.90B post-money valuation. 4 firms took part, 3 of them already investors. It is Gopuff's second venture round on record; the one before was a Series A in Aug 2016.
$380M
Amount raised
$3.90B
Post-money valuation
4
Investors
2 leads
9.7%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Gopuff at $3.90B after the new money. The $380M bought investors about 9.7% of the company. It came 50 months after Gopuff's Series A. It is 8.9% of the $4.29B Gopuff has raised in the venture rounds on record. Gopuff raised again 5 months later: a Series C round of $1.15B in Mar 2021, at $8.90B post-money.
Gopuff's funding rounds
Gopuff has 6 venture rounds on record. This one is highlighted.
- Series A 1 Aug 2016 $8.3M
- Growth this round 8 Oct 2020, led by Accel and D1 Capital Partners $380M$3.90B post-money
- Series C 1 Mar 2021 $1.15B$8.90B post-money
- Series H+ 1 Jul 2021 $1.00B$15.00B post-money
- Growth 23 Dec 2021, led by Guggenheim Partners $1.50B$4.00B post-money
- Growth 13 Nov 2025, led by Eldridge Industries and Valor $250M$8.50B post-money
Investors
Who put money in
Accel and D1 Capital Partners led the round with 2 other firms. Accel, D1 Capital Partners and SoftBank Vision Fund had backed Gopuff before.
Lead investors
- Accel backs 581 venture-backed companies existing investor
- D1 Capital Partners existing investor
Also in the round
- Luxor Capital new investor
- SoftBank Vision Fund backs 234 venture-backed companies existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time, other companies' Growth rounds in Groceries:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Groceries | 3 Feb 2021 | $100M | not disclosed | Glade Brook and GV |
| Groceries | 30 Jun 2021 | $120M | not disclosed | not named |
| Groceries | 14 Feb 2020 | $52M | $289M | not named |
| Groceries | 5 Feb 2020 | $17M | not disclosed | Imaginary Ventures and Wittington Ventures |
Sources
Where this comes from
Reported by 7 sources.
Questions
Frequently asked
How much did Gopuff raise in its Growth round?
Gopuff raised $380M in its Growth round, announced in Oct 2020.
Who led Gopuff's Growth round?
Accel and D1 Capital Partners led it, with Luxor Capital and SoftBank Vision Fund.
What was Gopuff's valuation at the Growth round?
$3.90B post-money.
Did Gopuff raise again after this round?
Yes: a Series C round in Mar 2021 of $1.15B at $8.90B post-money.