Funding

DoorDash Raises $127M

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What does DoorDash do?

DoorDash, is a company which enables small businesses to provides its consumers with local delivery services. The company is enabling delivery in areas where it was not available previously. The aim of the company is empowering small business owners in offering delivery in a convenient and affordable way. The company is fulfilling this mission by first enabling restaurant food delivery.  The company believes that the art of delivery is in the details, minute by minute. It has broken down every step of the food’s journey to a perfect science.  This on demand delivery service connects customers with local businesses. Through this company’s marketplace, you can buy goods from local merchants and have them delivered in less than quarter of an hour, thanks to the company’s revolutionary logistics technology.

How much DoorDash was funded?

DoorDash raised $127M in Series C on March 22, 2016 from Y Combinator, Khosla Ventures, Wellcome Trust, Sequoia Capital and Kleiner Perkins Caufield & Byers.

Previous funding

  • Undisclosed amount on March, 2013 from Y Combinator
  • $2.4M on September 30, 2013 from Pejman Nozad, Paul Buchheit, Andy Rachleff, Khosla Ventures,Haystack, SV Angel, CRV, Ooga Labs, Pejman Mar Ventures, Streamlined Ventures and Semil Shah.
  • $17.3M in Series A on May 22, 2014 from Sequoia Capital, CRV, Khosla Ventures, Ted Zagat and  Pejman Mar Ventures.
  • $40M in Series B on March 26, 2015Sequoia Capital, Kleiner Perkins Caufield & Byers, Pejman Mar Ventures, Khosla Ventures, John Doerr and Streamlined Ventures, CRV

What is next for DoorDash?

The company plans on continuing its investment in its core technology for building the first software enabled logistics company.

More about DoorDash

DoorDash was founded in 2013 by Andy Fang, Evan Moore, Stanley Tang and Tony Xu. It has its headquarters in San Francisco, California. The company was founded in a dorm room at Stanford. It started with the aim of empowering local economies in a connected world. By building the on demand delivery system for local cities, the company is bringing communities closer, one doorstep at a time.

 

 

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