Funding round
Gopuff Series H+
Reported as "Series H"
Gopuff, which works in multi-category delivery services in Philadelphia, raised $1.00B in a Series H+ round announced on 1 Jul 2021, at a $15.00B post-money valuation. 3 firms took part. It is Gopuff's fourth venture round on record; the one before was a Series C in Mar 2021.
$1.00B
Amount raised
$15.00B
Post-money valuation
$14.00B pre-money
3
Investors
no lead named
1.7x
Step-up from the Series C
$8.90B in Mar 2021
6.7%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Gopuff at $15.00B after the new money, 1.7 times the $8.90B of its Series C (Mar 2021). The $1.00B bought investors about 6.7% of the company. It came 4 months after Gopuff's Series C. It is 23% of the $4.29B Gopuff has raised in the venture rounds on record. Gopuff raised again 5 months later: a Growth round of $1.50B in Dec 2021, at $4.00B 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 1 Mar 2021 $1.15B$8.90B post-money
- Series H+ this round 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
3 firms took part; no lead investor was named.
Investors
- Guggenheim Investments new investor
- Hedosophia new investor
- SoftBank Vision Fund backs 234 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: Series H+ rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Olive Tech Companies | 1 Jul 2021 | $400M | $4.00B | Vista Equity Partners and Base10 Partners |
| Databricks Tech Companies | 31 Aug 2021 | $1.60B | $38.00B | Morgan Stanley |
| DailyHunt Tech Companies | 11 Aug 2021 | $451M | $3.00B | not named |
| VerSe Tech Companies | 11 Aug 2021 | $450M | $3.00B | Siguler Guff |
| Learning, Tutoring & Courses | 2 Aug 2021 | $440M | $3.44B | Temasek |
| Toss Business Payment Processing & Point of Sale | 30 Jun 2021 | $410M | $7.40B | Alkeon |
| Renewable energy companies | 30 Jun 2021 | $8.2M | not disclosed | Lightrock |
| Discord Tech Companies | 9 Sep 2021 | $500M | $15.00B | Dragoneer Investment Group |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Gopuff raise in its Series H+ round?
Gopuff raised $1.00B in its Series H+ round, announced in Jul 2021.
Which investors took part in Gopuff's Series H+ round?
Guggenheim Investments, Hedosophia and SoftBank Vision Fund.
What was Gopuff's valuation at the Series H+ round?
$15.00B post-money ($14.00B pre-money).
Did Gopuff raise again after this round?
Yes: a Growth round in Dec 2021 of $1.50B at $4.00B post-money.