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Illustration: Annelise Capossela/Axios

GoPuff, a Philadelphia-based instant delivery platform for everyday items, raised $1.15 billion led by existing backer D1 Capital Partners at an $8.9 billion post-money valuation.

Why it matters: This is a deep-pocketed cross between Amazon and DoorDash. GoPuff operates hundreds of "micro fulfillment centers," usually between 8,000-12,000 square feet in urban areas, plus contracts out to a network of around 10,000 on-demand drivers who provide 24/7 coverage.

Investors include Fidelity, Baillie Gifford, Reinvent Capital, Luxor Capital and SoftBank Vision Fund 1.

  • Market conditions: Like most later-stage "unicorns," GoPuff has been inundated with SPAC sponsor calls.

The bottom line: GoPuff originally catered to college students who were craving late-night snacks. But, as the company has expanded into the suburbs and product areas like baby and better-for-you, the college cohort now represents only around 15% of its business.

Go deeper

Heat wave grips U.S. this week from coast to coast

Computer model projection from the GFS model showing an unusually hot airmass across the western and Central U.S. on Thursday, June 29, 2021. (Weatherbell.com)

A widespread heat wave has begun across the contiguous U.S., with at least 30 million people likely to see temperatures reach or exceed 100°F by the end of the week.

Why it matters: The hot weather, which comes courtesy of another heat dome building across the Southwest, Rockies and then sliding into the western Plains, will only aggravate drought conditions and worsen many of the western wildfires.

VA first federal agency to require COVID vaccines for employees

A medical doctor gives the thumbs-up sign to a COVID-19 patient who is no longer using a respirator at the Veterans Affairs Medical Center in New York City. Photo: Robert Nickelsberg/Getty Images

The Department of Veterans Affairs said Monday it would require its frontline health care workers to get vaccinated against the coronavirus within the next two months, the New York Times reports.

Why it matters: The VA is the first federal agency to mandate that employees receive the vaccine. The decision comes as cases of the Delta variant in the U.S. have increased dramatically.

4 hours ago - Health

Biden: Americans with long-COVID symptoms may qualify for disability resources

President Biden speaking in Arlington, Virginia, on July 23. Photo: Oliver Contreras/Sipa/Bloomberg via Getty Images

Americans experiencing long-term symptoms of COVID-19 may qualify for disability resources from the federal government, President Biden announced Monday during an event to mark the 31st anniversary of the Americans with Disabilities Act.

Driving the news: The departments of Justice and Health and Human Services released new guidance Monday that categorizes “long COVID" as a physical or mental impairment, entitling people with the illness to discrimination protections under the the ADA.