DoorDash fetches $535m

Mar 21, 2018 •

The SoftBank-led series D round is indicative of a startup space where logistics, buying and transport are moving closer together.

US-based food delivery service DoorDash picked up its first corporate funding last month, closing a $535m series D round led by telecoms and internet group SoftBank, and its next move could help solidify the links between food delivery and logistics.

The round also featured Singapore’s sovereign wealth fund GIC, venture capital firm Sequoia Capital and charitable foundation Wellcome Trust. The company has now raised $722m in total, its past backers including Kleiner Perkins Caufield & Byers, Pear Ventures, Khosla Ventures,…

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