• General
  • May 17, 2019
  • 5 minutes read

DoorDash Reportedly Raising At $10B-$12B Valuation

Kleiner Perkins Chairman and DoorDash board member John Doerr Photograph by Kevin Moloney/Fortune Brainstorm Tech Just months after raising $400…

Kleiner Perkins Chairman and DoorDash board member John Doerr

Photograph by Kevin Moloney/Fortune Brainstorm Tech

Just months after raising $400 million at a $7.1 billion valuation, DoorDash is raising new funding that could value it at between $10 billion to $12 billion according to The Information. This would catapult the delivery company into an exclusive club ($10 billion+ valuation) with quite few members such as DJI, Palantir, Stripe, Grab, Juul Labs, WeWork, and Bitmain.

There’s no word on the amount being raised by the company. DoorDash has already raised $1.4 billion in funding according to Crunchbase data from a host of investors including Softbank Vision Fund, DST Global, GIC, Coatue Management, Sequoia Capital, and Wellcome Trust. Since its inception in 2013, DoorDash has grown to operate in 4,000 cities across all 50 states in the U.S. and Canada.

Softbank Investment Advisers Managing Partner and DoorDash board member Jeffrey Housenbold

Photograph by Michael Faas/Fortune Brainstorm Tech

If this reported round stands true, DoorDash will join a list of other companies that have raised huge funding as of late. They include Deliveroo ($575 million Series G led by Amazon), Away ($100 million at $1.4 billion valuation), Nextdoor ($123 million at $2.1 billion valuation), Gett ($200 million at $1.5 billion valuation), and Checkout ($230 million at $2 billion valuation).


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