DoorDash Raises $400M in Series G
DoorDash has successfully raised $400M in a Series G at a $12.6B valuation led by Durable Capital Partners, Fidelity.
Company Overview
DoorDash is a FoodTech company headquartered in San Francisco, CA, founded in 2013 with 4000+ employees.
Food delivery platform
Fundraising Details
- Amount Raised: $400M
- Round Type: Series G
- Valuation: $12.6B
- Date: 2020-06-16
- Investors: Durable Capital Partners, Fidelity
About DoorDash
Food delivery platform The company is positioned in the FoodTech sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: San Francisco, CA
- Founded: 2013
- Team Size: 4000+
- Industry: FoodTech
What This Means
This funding round demonstrates strong investor confidence in DoorDash's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The FoodTech sector continues to attract significant investment as companies innovate to meet evolving market demands. DoorDash's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $12.6B valuation marks an important milestone for DoorDash, positioning the company among notable players in the FoodTech industry.
Looking Ahead
With this new capital, DoorDash is well-positioned to execute on its growth strategy and continue building innovative solutions in the FoodTech space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
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This fundraising news was reported on 2020-06-16. For more information about DoorDash, visit their headquarters at San Francisco, CA.
