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Scoop: Instacart bags another $150 million

Instacart shopper in a grocery aisle.
Photo by Cyrus McCrimmon via Denver Post/Getty Images

Grocery delivery company Instacart is closing on $150 million in new funding from existing investors like Coatue Management, Axios has learned. It's an extension of a Series E round first disclosed in February, which now totals $350 million at a $4.35 billion post-money valuation.

One big development between the investments was that Instacart added Sam's Club to its partner roster. While it's a stand-alone deal, it also could eventually impact what we hear are ongoing negotiations between Instacart and Sam's Club parent company, Walmart.