Instacart Bags’ $871 Million Round Funding

Cooley advised on-demand grocery delivery company Instacart on its $871 million financing round led by global investment advisory firm D1 Capital Partners, which also included participation by Tiger Global, Coatue Management and Valiant Capital.

Instacart will use the new capital to continue expanding in North America, invest in marketing to increase awareness and recruit engineering and product development talent. The company serves more than 15,000 grocery stores across 4,000 cities in the US and Canada with a dedicated community of 50,000 shoppers.

Cooley advised with a team including Bradley Libuit (Picture), Rachel Proffitt, Jon Avina, Kelsey Wilcox and Lauren Wiefels.

Involved fees earner: Bradley Libuit – Cooley LLP; Rachel Proffitt – Cooley LLP; Jon Avina – Cooley LLP; Kelsey Wilcox – Cooley LLP; Lauren Wiefels – Cooley LLP;

Law Firms: Cooley LLP;

Clients: Instacart Inc.;

Author: Ambrogio Visconti