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Wednesday, March 03, 2021
[Click here to read online]( Dear Startup Investor, Neil here. As of yesterday, Instacart is officially the second most valuable startup in the United States. The grocery store delivery app raised a whopping $265 million in a recently announced funding round from big-name investors like Andreessen Horowitz and Sequoia. The round more than doubled Instacart's valuation, which now sits at $39 billion. The only US-based startup worth more than Instacart is Elon Musk's SpaceX, which is valued at $74 billion. This news really got me thinking. Pre-pandemic, Instacart was popular, sure. The company has raised hundreds of millions of dollars in a series of funding rounds since its founding in 2017. But its popularity spiked in 2020, with a 500% increase in order volume within the first two months of COVID alone. This latest funding round demonstrates that even as we roll up our sleeves for vaccines and the world slowly (and hopefully) heads back to normal through the year, investor confidence in Instacart's services remains strong. And I think that demonstrates a wider trend... that many of the industries we've seen boom more than ever before over the last 12 months will continue to grow faster than ever. It's one of the biggest paradigm shifts we've ever seen, and I doubt we'll see these massive shifts in consumer behavior slow down anytime soon. And where there are shifts like this, I expect to see [plenty of opportunity in the startup world]( come down the line soon, across a wide range of industries. [Here's what you should be checking out right now](. Until next time, Neil
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