Grocery Shopping App Boxed Wholesale Receives Investment from American Express Ventures

boxedBoxed Wholesale, the NYC-based mobile-first company that delivers groceries, received an investment from American Express Ventures.

In January 2016, Boxed announced it had raised $100m in Series C funding from Light Street Capital and SAFA Partners, an investment group founded by employees formerly of Rizvi Traverse Management.

The amount of this latest deal, which represented an extension of the Series C funding round, was not disclosed.

The company will use the funds to grow product selection and fulfillment center operations (currently in New Jersey, Las Vegas and Atlanta).

Founded in 2013 by CEO Chieh Huang, Boxed allows people to shop for groceries and household products with free delivery and no membership fees at or on the free Boxed app.



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