The company raised $100 million of Series C venture funding in a deal led by Thread Capital, Thrive Capital, Benchmark Capital and Coatue Management on November 15, 2018, putting the company's pre-money valuation at $1 billion. Caffeinated Capital, Charles River Ventures, Alexa von Tobel, Sarah Smith, Dan Rose, Delphine Arnault and Emily Weiss also participated in the round. The company will use the funds toward its internationalization and enterprise efforts. Earlier, the company raised $52 million in a combination of Series B and Series B1 venture funding in a deal led by Caffeinated Capital and Charles River Ventures on March 15, 2018, putting the company's pre-money valuation at $100 million. Freestyle Capital and Slow Ventures also participated in the round.