Delivery Co. Gopuff Hits $15B Valuation With New Funding

By Benjamin Horney (July 30, 2021, 10:48 AM EDT) -- Home goods, alcohol and grocery delivery service Gopuff said Friday that it has raised $1 billion at a $15 billion valuation, with plans to use the capital to accelerate expansion across North America, the U.K. and Europe.

The funding featured participation from new investors like Blackstone Horizon, Guggenheim Investments, Hedosophia, MSD Partners, and Adage Capital, as well as existing investors like Fidelity Management and Research Co., Softbank Vision Fund 1, Atreides Management, and Eldridge. In addition to expansion, the money will be used to hire new talent and improve the Gopuff technology platform.

"This funding round is further validation of the...

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