SoftBank makes DoorDash in $535m series D

Mar 2, 2018 • Robert Lavine

The food delivery service is now valued at $1.4bn after raising cash in a SoftBank-led round that boosted its overall funding to $722m.

Telecommunications and internet group SoftBank led a $535m series D round for US-based delivery services provider DoorDash yesterday, increasing the company’s overall funding to $722m.

Venture capital firm Sequoia Capital, charitable foundation Wellcome Trust and Singaporean sovereign wealth fund GIC also participated in the round, which valued DoorDash at $1.4bn post-money, a source close to the company told TechCrunch.

The individual amounts provided by each investor were not revealed but reports in December 2017 had stated that SoftBank was…

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