DoorDash, a Palo Alto, CA-based platform that enables small businesses to provide its customers with local delivery services, raised $17.3m in Series A funding.
The round was led by Sequoia Capital, with participation from existing investors Khosla Ventures, Charles River Ventures and Pejman Mar Ventures, along with Ted Zagat (of Zagat Survey). In conjunction with the funding, Alfred Lin of Sequoia will join DoorDash’s board.
The company intends to use the funds to grow out the team (https://www.doordash.com/jobs/), continue developing the dispatch technology and pursue their national rollout.
Founded in January 2013 by Andy Fang, Tony Xu and Stanley Tang, DoorDash is building a platform for small business owners to offer delivery in difficult to reach areas. It operates a full stack delivery service by parterning with merchants, hiring their own drivers, and building their own logistics software.
The company is initially focusing on enabling restaurant food delivery.