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Venture Capital News: Weee! Scores $315M Series D

2021-03-18
FREMONT, CA, Weee!, the leading ethnic e-grocer in the United States, today announced $315 million in Series D financing led by existing investor DST Global.
New investors include funds managed by Blackstone, Arena Holdings, and Tiger Global; significantly deepening the company's capital base. The new capital will be used to further accelerate the company's geographic expansion with the most efficient fulfilment technology, build a stronger and more diverse product assortment, recruit exceptional talent, and invest in engaging the broader Asian and Hispanic communities with state-of-the-art personalization features.

Weee! was founded in 2015 with the belief that quality, freshness, and accessibility shouldn't ever be compromised when it comes to food. Loved and recognized as a trusted household brand among underserved communities, Weee! makes convenient and affordable access to specialty products and everyday essentials possible. Products are guaranteed to be delivered at peak freshness and priced lower than or comparable to offline stores. No subscription is required to shop and next-day delivery is free with a low order minimum. The company continues to redefine online grocery shopping by leveraging social e-commerce and proprietary forecasting technology.
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