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goPuff Raises $380M at a $3.9B Valuation as it Accelerates Geographic and Product Expansion

Oct 08, 2020almost 5 years ago

Amount Raised

$380 Million

Philadelphia

Description

goPuff, the go-to platform for consumers’ everyday needs, raised $380 million in new funding to further accelerate its geographic expansion, product category offerings and investment in talent. The funding round, which values the instant needs category creator at $3.9B, was led by existing investor, Accel, and D1 Capital Partners with participation from Luxor Capital and SoftBank Vision Fund, another previous investor. goPuff also announced three new executives to its leadership team: the company’s first Chief Customer Officer, first Chief Business Officer and Vice President of Engineering.

Company Information

Company

Go Puff

Location

Philadelphia, Pennsylvania, United States

About

goPuff is the go-to solution for immediate everyday needs, fulfilling customer orders of cleaning and home products to over-the-counter medications to food and drinks, and in some markets, alcohol - in just minutes. With micro-fulfillment centers in every market it serves, the company delivers thousands of products quickly for a flat $1.95 delivery charge. goPuff is open 24/7 in many markets and late night everywhere else to bring customers what they need, when they need it most.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech