202008 Oct
goPuff Raises $380M at a $3.9B Valuation as it Accelerates Geographic and Product Expansion
Type
Funding Rounds
Funding
202008 Oct
$380MOthers
Source
Businesswire
Summary

PHILADELPHIA--(BUSINESS WIRE)--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. With a vertically integrated model, goPuff is able to quickly add new products, like those in its newest cooking, baking and grocery categories, ensuring the company is able to meet customers every need. “goPuff’s vertically integrated model and differentiated approach have created a superior customer experience and industry-leading unit economics,” said Daniel Sundheim, Founder & Chief Investment Officer at D1 Capital Partners. "We believe strongly in their vision and capacity to become the fastest and best delivery service for everyday needs.” In addition to broadening its product inventory, goPuff is significantly expanding in both new and existing markets. Over the last 18 months, the company has more than tripled the number of cities it serves, including recent launches in major metropolitan areas such as Dallas, Miami, Detroit, Minneapolis and Houston.

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