Funding round
Gopuff Series C
Gopuff, which works in multi-category delivery services in Philadelphia, raised $1.15B in a Series C round announced on 1 Mar 2021, at a $8.90B post-money valuation. 1 firm took part. It is Gopuff's third venture round on record; the one before was a Growth in Oct 2020.
$1.15B
Amount raised
$8.90B
Post-money valuation
1
Investors
no lead named
2.3x
Step-up from the Growth
$3.90B in Oct 2020
13%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Gopuff at $8.90B after the new money, 2.3 times the $3.90B of its Growth (Oct 2020). The $1.15B bought investors about 13% of the company. It came 5 months after Gopuff's Growth. It is 27% of the $4.29B Gopuff has raised in the venture rounds on record. Gopuff raised again 4 months later: a Series H+ round of $1.00B in Jul 2021, at $15.00B 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 8 Oct 2020, led by Accel and D1 Capital Partners $380M$3.90B post-money
- Series C this round 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
1 firm took part; no lead investor was named.
Investors
- D1 Capital Partners new 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
14 Series C rounds in Groceries within a year either side disclosed an amount; the median was $80M, and this round was 14 times the median. The closest in time, other companies' Series C rounds in Groceries:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Groceries | 18 May 2021 | $100M | not disclosed | Spectrum Equity |
| Groceries | 11 Jan 2021 | $42M | not disclosed | Red Circle Investments |
| Rohlik Group Groceries | 1 Jul 2021 | $119M | $1.19B | Index Ventures |
| Groceries | 29 Jul 2021 | $50M | not disclosed | IDC Ventures and DigitalBridge |
| Groceries | 27 Oct 2020 | $121M | not disclosed | Investment Corporation of Dubai |
| Groceries | 15 Sep 2021 | $10M | not disclosed | Xploration Capital |
| Weee! Groceries | 25 Aug 2020 | $35M | not disclosed | DST Global |
| Groceries | 1 Nov 2021 | $50M | not disclosed | CREADEV |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Gopuff raise in its Series C round?
Gopuff raised $1.15B in its Series C round, announced in Mar 2021.
Which investors took part in Gopuff's Series C round?
D1 Capital Partners.
What was Gopuff's valuation at the Series C round?
$8.90B post-money.
How does it compare with other Series C rounds in Groceries?
14 Series C rounds in Groceries within a year either side disclosed an amount; the median was $80M, and this round was 14 times the median.
Did Gopuff raise again after this round?
Yes: a Series H+ round in Jul 2021 of $1.00B at $15.00B post-money.