DoorDash, a Palo Alto, CA-based platform that enables small businesses to provide its customers with local delivery services, raised $40M in Series B funding.
The round was led by Kleiner Perkins Caufield & Byers with participation from existing investors Sequoia Capital, Khosla Ventures, and Charles River Ventures. As part of the financing, KPCB’s John Doerr will be joining DoorDash’s board.
The company intends to use the funds to expand nationwide and invest further in the logistics technology beyond food.
Founded in January 2013 by Andy Fang, Tony Xu and Stanley Tang, DoorDash is an on-demand delivery service that connects customers with local businesses. The marketplace allows people to purchase goods from local merchants and have them delivered in less than 45 minutes.
It is now present in 8 markets including San Francisco, Chicago, NY, Washington DC, Orange County, San Jose, Boston and Los Angeles.
24/05/2014: DoorDash Raises $17.3M