Instacart has raised $225 million as part of a new financing round led by DST Global and General Catalyst, with existing investor D1 Capital Partners. This investment increases the company’s valuation to $13.7 billion.
This investment comes as Instacart continues to experience an unprecedented surge in customer demand for grocery delivery and pickup across North America.
Today, Instacart is accessible to more than 85% of households in the United States, across all 50 states, and more than 70% of households in Canada. Since the start of the year, it accelerated its launch cadence with retailers, and today, partners with more than 400 national, regional and local retailers to deliver groceries and household essentials from more than 30,000 stores across the United States and Canada.