We’re excited to announce that we have raised $265 million as part of a new financing round led by existing investors including Andreessen Horowitz, Sequoia Capital, D1 Capital Partners L.P. , Fidelity Management & Research Company LLC, and T. Rowe Price. This new fundraising more than doubles our valuation to $39 billion and reflects the strength of our business, the growth our teams have delivered and the incredible opportunity ahead.
We are excited to welcome seasoned leaders Fidji Simo and Barry McCarthy to our Board of Directors. Fidji brings extensive experience developing major global products used by billions of people everyday; and Barry is one of the world’s brightest finance minds 💡 Fidji and Barry join us during an important time as we continue to serve as a lifeline for millions of customers, more than 500,000 shoppers and hundreds of retailers across North America.
We're honored to see our founder and CEO Apoorva Mehta has been selected by TIME magazine for their “TIME 100 Next List” - an annual list of 100 individuals globally who are shaping the future of their fields and defining the next generation of leadership across tech, sports, medicine, politics, entertainment and more.
