On-Demand Grocery Startup Instacart Raises $44 Million From Andreessen Horowitz

TechCrunch

On-demand grocery delivery startup Instacart wants to make its service available in every city in the United States. To make that happen, it’s raised $44 million in Series B funding led by Andreessen Horowitz. Along with the funding, a16z partner Jeff Jordan will be joining the company’s board.

The deal was put together just about a year after its last round of funding. Altogether, Instacart has raised about $55 million from investors that also include Sequoia Capital, Khosla Ventures, and Canaan Partners, along with Box CEO Aaron Levie, and Y Combinator president Sam Altman.

The new funding comes as Instacart has seen huge growth both in its revenues and also the number of cities it operates in. Over just the past nine months, revenue has grown 15x.

Much of that growth comes from a huge number of new markets in which Instacart is available, as the company is in…

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