According to TechCrunch, the new funding round was led by Glade Brook Capital Partners, with participation from GV, Tao Invest, Finistere Ventures and Rich’s, as well as previous investors Benchmark Partners, Index Ventures, S2G, DNS Capital, and Obvious Ventures.
In addition to geographic expansion, the company reported that the funding will enable Good Eggs to find ways to improve its ecommerce experience. The initiative represents a bit of a turnaround for the company, after it shut down operations in Los Angeles, New York City, and New Orleans in 2015.
However, although the grocery delivery market has become increasingly competitive, Good Eggs might stand out thanks to the quality and breadth of its products, as 70% of its products are locally sourced, and it often delivers them within 48 hours of harvesting, TechCrunch stated.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.