Funding round
Weee! Series C
Weee!, which works in asian grocery retail and delivery in Fremont, raised $35M in a Series C round announced on 25 Aug 2020, led by DST Global. 1 firm took part. It is Weee!'s second venture round on record; the one before was a Series B in Mar 2020.
$35M
Amount raised
Not disclosed
Post-money valuation
1
Investors
1 lead
Valuation
What this round says about the price
Weee! did not disclose a valuation in this round. It came 5 months after Weee!'s Series B. It is 4.2% of the $825M Weee! has raised in the venture rounds on record. Weee! raised again 7 months later: a Series D round of $315M in Mar 2021, at $2.80B post-money.
Weee!'s funding rounds
Weee! has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
DST Global led the round.
Lead investor
- DST Global backs 179 venture-backed companies new investor
Joined the board: Tom Dillon (Netflix).
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
8 Series C rounds in Groceries within a year either side disclosed an amount; the median was $109M, and this round was 32% of the median. The closest in time, other companies' Series C rounds in Groceries:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Groceries | 27 Oct 2020 | $121M | not disclosed | Investment Corporation of Dubai |
| Groceries | 11 Jan 2021 | $42M | not disclosed | Red Circle Investments |
| Groceries | 7 Feb 2020 | $32M | not disclosed | Lightbox |
| Gopuff Groceries | 1 Mar 2021 | $1.15B | $8.90B | not named |
| Picnic Groceries | 28 Nov 2019 | $250M | not disclosed | not named |
| Groceries | 18 May 2021 | $100M | not disclosed | Spectrum Equity |
| Rohlik Group Groceries | 1 Jul 2021 | $119M | $1.19B | Index Ventures |
| Groceries | 29 Jul 2021 | $50M | not disclosed | IDC Ventures and DigitalBridge |
Sources
Where this comes from
Reported by 6 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Weee! raise in its Series C round?
Weee! raised $35M in its Series C round, announced in Aug 2020.
Who led Weee!'s Series C round?
DST Global led it.
What was Weee!'s valuation at the Series C round?
It was not disclosed.
How does it compare with other Series C rounds in Groceries?
8 Series C rounds in Groceries within a year either side disclosed an amount; the median was $109M, and this round was 32% of the median.
Did Weee! raise again after this round?
Yes: a Series D round in Mar 2021 of $315M at $2.80B post-money.