Gopuff announced today that it has raised another $1 billion in funding, confirming reports from last week of just such a round. New investors Blackstone’s Horizon platform, Guggenheim Investments, Hedosophia, MSD Partners, and Adage Capital joined with existing investors Fidelity Management and Research Company, Softbank Vision Fund 1, Atreides Management, and Eldridge in the round.
The new money comes just months after Gopuff raised $1.5 billion, in March of this year. With this new haul, Gopuff has now raised $3.4 billion in total and has a $15 billion valuation.
According to a press announcement emailed to The Spoon, Gopuff will use the new money fuel its geographic expansion across North America and further into the UK and Europe. Gopuff currently operates 450 facilities operating in more than 850 cities across the U.S.
Here in the U.S., Gopuff’s massive fundraising this year far surpasses the comparatively paltry sums raised by its speedy grocery delivery competition. JOKR is a distant second with $170 million, Fridge No More raised $15.4 million, Food Rocket raised $2 million and 1520 has raised an undisclosed seed round.
Gopuff will face more stiff competition as they spread across Europe. The speedy grocery delivery scene there is a little more mature — and better funded than their U.S. counterparts. Spain-based Glovo has raised $1.2 billion, Turkey-based Getir raised $1 billion, and Germany-based Gorillas has raised $335.4 million. (Side note: if you want to raise funding for you speedy grocery delivery startup, start your company name with the letter “G.”) And that doesn’t include all the other players like Flink, Weezy, and Jiffy.
But Gopuff isn’t just expanding its footprint. The company is also branchig beyond straight up grocery delivery and into pre-made meals. Gopuff officially launched Gopuff Kitchen last week, and is already serving hot pizza, chicken tenders, salads, coffees and more in cities like Austin, Miami, Nashville, Philadelphia, Phoenix, and San Antonio.
The speedy grocery delivery started in earnest this year. And with $2.5 billion raised in the past six months, Gopuff has armed itself to try and finish them.
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