The company raised $300 million through a combination of debt and Series E venture funding in a deal led by Tiger Global Management on September 18, 2018, putting the company's pre-money valuation at $816 million. Uncork Capital and other undisclosed investors also participated in the round. The company intends to use the funds to expand its selection advantage, to broaden coverage to over 70% of U.S. households by the end of the year, release new point-of-sale integration technologies, deploy API tools, scale social impact investments & new workforce development policies and invest in R&D to devise new last-mile mobility solutions. Argonautic Ventures also participated in this round.
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