With $8.25 million in the bag, goPuff eyes nine new cities - Technical.ly Philly

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Jun. 3, 2016 3:38 pm

With $8.25 million in the bag, goPuff eyes nine new cities

Yep, you heard that right. Nine new cities by the end of the year. It's a bold move from Philly's homegrown delivery startup.

A goPuff ad on a University City District "LUCY" shuttle, November 2014.

(Photo by Juliana Reyes)

Last December, we told you goPuff — the Philly-based delivery service — had raised $3.25 million from Menlo Park, Calif.-based investment firm Anthos Capital.

This Friday, the company announced the closure of that funding round with an additional $5 million investment from Anthos, for a final Series A of $8.25 million

Rafael Ilishayev, goPuff’s cofounder, said the investment will go towards launching an “aggressive” marketing campaign as the company, currently present in nine markets, plans its expansion.

“On each city we go to, we’ll be doubling up,” Ilishayev said. “We’ll be in roughly 18 new cities by the end of the year, with another three coming in the next six weeks.”

Here’s why this is such a major announcement: in an already crowded delivery market (featuring Postmates, InstacartFavor and the like), a 2x expansion for the 40-employee operation is risky business.

Looks like it’s sink or swim time for goPuff.

Companies: goPuff
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