Instacart raises $44M, will accelerate rollout

Instacart raises $44M, will accelerate rollout

Fast growing grocery delivery company Instacart said Monday that it has raised $44 million in a Series B financing led by tech investors Andreeson Horowitz.

Existing investors Sequoia Capital, Khosla Ventures and Canaan Partners also participated in the round. In addition, Aaron Levie, CEO of Box, and Sam Altman, President of Y Combinator, made personal investments.

Apoorva Mehta, Instacart’s founder and CEO, said the financing would be used to accelerate geographical expa

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