Instacart Lands $2,300,000 Seed Funding Round

  • Feed Type
  • Date
    10/26/2012
  • Company Name
    Instacart
  • Mailing Address
    Undisclosed San Francisco, CA 94105
  • Company Description
    Founded by former Amazon.com Inc. employee Apoorva Mehta, Instacart wants to eliminate the trip to the grocery store altogether by using a team of smartphone-equipped drivers who get paid to shop and deliver goods on a customer’s behalf.
  • Website
    http://www.instacart.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $2,300,000
  • Transaction Round
    Seed
  • Proceeds Purposes
    The company, which came through start-up incubator Y Combinator, said it has already served thousands of customers in the Bay Area and will use the money to expand to six additional cities.
  • M&A Terms
  • Venture Investor
    Canaan Partners
  • Venture Investor
    Khosla Ventures