Total amount raised
$3.4 Billions
Latest funding date
Location
Title
Gopuff has successfully raised significant funding over multiple rounds, attracting a diverse group of investors. The platform offers a digital delivery service designed to bring daily essentials to your doorstep within minutes.
Keep reading to explore the intricacies of Gopuff's fundraising journey and the investors backing this innovative platform.
What Is Gopuff?
Gopuff, founded in November 2013 by Rafael Ilishayev and Yakir Gola, is a digital delivery service based in Philadelphia, Pennsylvania. The company specializes in delivering daily essentials, including groceries, snacks, drinks, and household items, within minutes. With a workforce of over 10,000 employees, Gopuff continues to expand its reach and services.
How Much Funding Has Gopuff Raised?
- Series B
- Amount Raised: $13M
- Date: December 2016
- Lead Investors: Headline
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and expand market reach.
- Series C
- Amount Raised: $42.5M
- Date: December 2017
- Lead Investors: Valor Equity Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance technology and logistics infrastructure.
- Series D
- Amount Raised: $108.5M
- Date: November 2018
- Lead Investors: Accel
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support geographic expansion and new product offerings.
- Series E
- Amount Raised: $750M
- Date: August 2019
- Lead Investors: SoftBank Vision Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and market penetration.
- Series F
- Amount Raised: $377.5M
- Date: October 2020
- Lead Investors: Accel, D1 Capital Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand delivery capabilities and improve customer experience.
- Private Equity Round
- Amount Raised: Not publicly disclosed
- Date: January 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support strategic acquisitions and partnerships.
- Series G
- Amount Raised: $1.2B
- Date: March 2021
- Lead Investors: D1 Capital Partners, Fidelity
- Valuation at Round: $8.9B
- Motivation Behind the Round: To double down on domestic and international expansion.
- Series H
- Amount Raised: $1B
- Date: July 2021
- Lead Investors: Blackstone, Guggenheim Investments, Fidelity Management, SoftBank's Vision Fund
- Valuation at Round: $15B
- Motivation Behind the Round: To expand its consumer base and capitalize on the increased reliance on online services due to the coronavirus pandemic.
- Funding Round
- Amount Raised: Not publicly disclosed
- Date: December 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing growth and operational improvements.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: May 2022
- Lead Investors: Robert Iger
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance strategic initiatives and leadership.
Gopuff has raised a total of $3.491B with a current valuation of $15B.
Key Investors
- Robert Iger
- Details: Robert Iger is the former CEO and Executive Chairman of The Walt Disney Company. He is known for his leadership in expanding Disney's media empire through acquisitions like Pixar, Marvel, and Lucasfilm.
- Investment Focus Areas: Media, entertainment, technology.
- Notable Investments: Gopuff.
- SoftBank Vision Fund
- Details: SoftBank Vision Fund is a venture capital fund managed by SoftBank Group, focusing on technology investments. It is one of the largest technology-focused investment funds in the world.
- Investment Focus Areas: Technology, AI, robotics, telecommunications.
- Notable Investments: Uber, WeWork, ByteDance.
- Fidelity Management
- Details: Fidelity Management is a division of Fidelity Investments, one of the largest asset managers globally. It offers a wide range of financial services including mutual funds and investment management.
- Investment Focus Areas: Mutual funds, ETFs, financial services.
- Notable Investments: Tesla, Amazon, Google.
- Accel
- Details: Accel is a venture capital firm that invests in early-stage and growth-stage technology companies. It has a strong track record of backing successful startups.
- Investment Focus Areas: Technology, internet, software.
- Notable Investments: Facebook, Dropbox, Slack.
- Blackstone
- Details: Blackstone is a leading global investment firm specializing in private equity, real estate, credit, and hedge fund investment strategies. It manages assets for public and corporate pension funds, academic institutions, and other entities.
- Investment Focus Areas: Private equity, real estate, credit, hedge funds.
- Notable Investments: Hilton Worldwide, The Weather Channel, Ancestry.com.
What's Next for Gopuff?
Gopuff's future is brimming with opportunities, particularly in expanding its geographic footprint across North America and Europe. With over 450 sites already in operation, the potential for growth is substantial. The company aims to enhance its technology and hire local talent to support this expansion, positioning itself to meet the increasing demand for instant delivery services.
Given its recent $1 billion funding round, Gopuff is well-poised for future fundraising opportunities. The involvement of high-profile investors like Blackstone and Fidelity Management suggests strong investor confidence, which could facilitate additional rounds of funding. This financial backing will be crucial as Gopuff continues to scale its operations and integrate new acquisitions.
However, Gopuff faces significant challenges, including intense competition from established players like Amazon and DoorDash. Logistical hurdles and regulatory scrutiny, especially concerning the delivery of controlled substances, add to the complexity. Navigating these challenges will be essential for Gopuff to maintain its growth trajectory and market position.
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