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Venture Capital News: goPuff Receives $380M

PHILADELPHIA, PA, goPuff has raised $380 million in new funding to further accelerate its geographic expansion, product category offerings and investment in talent.
goPuff, the go-to platform for consumers' everyday needs, raised $380 million in new funding. The funding round, which values the instant needs category creator at $3.9B, was led by existing investor, Accel, and D1 Capital Partners with participation from Luxor Capital and SoftBank Vision Fund, another previous investor. goPuff also announced three new executives to its leadership team: the company's first Chief Customer Officer, first Chief Business Officer and Vice President of Engineering.

goPuff is the go-to solution for immediate everyday needs, fulfilling customer orders of cleaning and home products to over-the-counter medications to food and drinks, and in some markets, alcohol - in just minutes. With micro-fulfillment centers in every market it serves, the company delivers thousands of products quickly for a flat $1.95 delivery charge. goPuff is open 24/7 in many markets and late night everywhere else to bring customers what they need, when they need it most.

Founded in 2013 by co-founders and co-CEOs Rafael Ilishayev and Yakir Gola, goPuff is headquartered in Philadelphia and currently operates more than 200 micro-fulfillment centers servicing over 500 U.S. cities.
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