Funding round
Weee! Series D
Weee!, which works in asian grocery retail and delivery in Fremont, raised $315M in a Series D round announced on 18 Mar 2021, led by DST Global, at a $2.80B post-money valuation. 4 firms took part, 1 of them already investors. It is Weee!'s third venture round on record; the one before was a Series C in Aug 2020.
$315M
Amount raised
$2.80B
Post-money valuation
$2.48B pre-money
4
Investors
1 lead
11%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Weee! at $2.80B after the new money. The $315M bought investors about 11% of the company. It came 7 months after Weee!'s Series C. It is 38% of the $825M Weee! has raised in the venture rounds on record. Weee! raised again 11 months later: a Series E round of $425M in Feb 2022, at $4.10B 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 with 3 other firms. DST Global had backed Weee! before.
Lead investor
- DST Global backs 179 venture-backed companies existing investor
Also in the round
- Blackstone backs 83 venture-backed companies new investor
- backs 11 venture-backed companies new investor
- Tiger Global backs 391 venture-backed companies 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
The closest in time: 2 in Groceries, then Series D rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Udaan Groceries | 6 Jan 2021 | $280M | $3.10B | not named |
| Groceries | 16 Jan 2022 | $117M | not disclosed | not named |
| Ro Health Care Services | 23 Mar 2021 | $500M | $5.00B | General Catalyst and FirstMark |
| Starling Banks & ATMs | 8 Mar 2021 | $377M | not disclosed | Fidelity Management & Research Company (Fidelity) |
| BlockFi Cryptocurrency | 11 Mar 2021 | $350M | $3.00B | Bain Capital Ventures and DST Global |
| Volocopter Aircraft Parts & Services | 3 Mar 2021 | $240M | not disclosed | not named |
| Tech Companies | 9 Mar 2021 | $200M | $3.20B | Tiger Global |
| DispatchHealth Home Health Care | 3 Mar 2021 | $200M | $1.70B | Tiger Global |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Weee! raise in its Series D round?
Weee! raised $315M in its Series D round, announced in Mar 2021.
Who led Weee!'s Series D round?
DST Global led it, with Blackstone, Arena Holdings and Tiger Global.
What was Weee!'s valuation at the Series D round?
$2.80B post-money ($2.48B pre-money).
Did Weee! raise again after this round?
Yes: a Series E round in Feb 2022 of $425M at $4.10B post-money.