Instacart, the leading online grocery platform in North America, today announced it has raised $265 million as part of a new financing round led by existing investors including Andreessen Horowitz, Sequoia Capital, D1 Capital Partners, Fidelity Management & Research Company LLC, and T. Rowe Price Associates, Inc. This investment comes as the adoption of online grocery has accelerated and consumer demand for Instacart's delivery and pickup services continues to grow. Today's announcement increases the company's valuation to $39 billion.