New York – March 29, 2021 – Cooley advised Gopuff, the go-to solution for everyday needs, on its $1.15 billion round of funding, which brings its valuation to $8.9 billion – more than double than just five months ago. D1 Capital Partners, Fidelity Management and Research Company, Baillie Gifford, Eldridge, Reinvent Capital, Luxor Capital and SoftBank Vision Fund 1 invested in the round. Lawyers Adam Dinow, Michael Rohr and Danielle Gershowitz led the Cooley team advising Gopuff.
With the new capital, Gopuff will continue to accelerate its strategic priorities, which include expanding across the US and internationally, investing in top-tier talent and new technology to further enhance customer experience and introducing new product categories.
“This milestone further validates the success of Gopuff’s vertically integrated model as well as the massive global opportunity for the category,” Yakir Gola, co-founder and co-CEO of Gopuff said in a news release. “Our technology platform and infrastructure enable us to expand Gopuff’s offerings while bringing more products, new categories and experiences to customers.”
Gopuff is the go-to solution for immediate everyday needs, fulfilling customer orders of cleaning and home products, over-the-counter medications, baby and pet products, food and drinks and, in some markets, alcohol – in just minutes. With micro-fulfillment centers in every market it serves, the company delivers thousands of products quickly for a flat $1.95 delivery charge. Gopuff is open 24/7 in many markets and late night everywhere else to bring customers what they need, when they need it most.
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