DoorDash, a San Francisco, CA-based on-demand delivery service that connects customers with local businesses, raised $127m in a Series C round of financing.
According to a post on the web site, the round was led by Sequoia Capital with participation from existing investors Kleiner Perkins Caufield and Byers and Khosla Ventures and new investors Y Combinator Continuity Fund, and Wellcome Trust.
The company intends to use the funds to continue investing in its core technology, to grow and expand operations both across the US and beyond, and build out its support and operations teams.
Founded in 2013 and led by CEO by Tony Xu, DoorDash is an on-demand delivery service that connects customers with local businesses. Through the marketplace, people can purchase goods from local merchants and have them delivered in less than 45 minutes – thanks to its logistics technology.
The service is available in several markets in the USA and Canada while the app is downloadable on GooglePlay and App store.