Instacart, an online grocery company in North America, has raised $225 million as part of a new financing round led by DST Global and General Catalyst.
Existing investor D1 Capital Partners has also participated during the investment round.
The latest announcement increases the company’s valuation to $13.7 billion.
“This new investment enables us to deepen our support for our shoppers and partners, further fund strategic initiatives such as our advertising and enterprise businesses, and continue to deliver exceptional experiences for customers,” said Apoorva Mehta, founder and CEO of Instacart.
Instacart is accessible to more than 85 percent of households in the U.S., across all 50 states, and more than 70 percent of households in Canada. The company partners with more than 400 national, regional and local retailers across more than 30,000 stores in the U.S. and Canada.
