DoorDash Raises $400M in Funding, Nearly Doubling Its Value
Company is valued at nearly four times the value of competitor Postmates who recently filed for an IPO.
Last week, food delivery startup DoorDash announced it had raised $400 million in a funding round co-led by Temasek Holdings and Dragoneer Investment Group. Additional funders were raised from existing investors Softbank Vision Fund, DST Global, Coatue Management, GIC, Sequoia Capital and Y Combinator. In August 2018, DoorDash was valued at $4 billion. With this Series F funding, DoorDash was valued at $7.1 billion, nearly double its value six months ago.
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