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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.

  • Inking Walmart would be a supermarket sweep for Instacart, which already does deliveries for most other top U.S. grocers, including Kroger, Albertsons, Costco and Publix.
  • Instacart still isn't commenting on details of its contract with Whole Foods, which was signed well before Amazon purchased the grocer. Instacart originally said it had the exclusive right to deliver perishables for Whole Foods, but Amazon recently launched a rival service in select markets.
  • A company spokesman did, however, confirm the new $150 million investment.
  • Instacart has now raised just over $1 billion in total funding since its 2012 formation. In addition to Coatue, backers include Sequoia Capital, Andreessen Horowitz, Glade Brook Capital Partners, Kleiner Perkins, Khosla Ventures and Thrive Capital.

Go deeper

Cryptocurrency giant Coinbase heads to Wall Street

Illustration: Annelise Capossela/Axios

Coinbase, the country's largest cryptocurrency exchange, is expected to go public today at what could be a valuation north of $100 billion.

Why it matters: This gives crypto a Wall Street seal of legitimacy, after an early existence marred by ties to illicit goods.

In photos: St Vincent water supply running low as volcano eruptions continue

La Soufrière volcano erupting in Saint Vincent on April 9. Photo: Zen Punnett/AFP via Getty Images

There are "chronic water shortages" in St. Vincent and the Grenadines as La Soufrière volcano continues to explode, government spokesperson Sehon Marshall told a local radio station Tuesday.

The big picture: Up to 20,000 people have been evacuated from the Caribbean island's northern region since the volcano began erupting there last Friday, per AP. Over 3,000 evacuees are staying in more than 80 government shelters.

Updated 2 hours ago - Axios Twin Cities

In photos: Twin Cities on edge after Daunte Wright shooting

Demonstrators protesting the shooting death of Daunte Wright face off with police near the Brooklyn Center police station in Brooklyn Center, Minnesota, on April 13. Photo: Scott Olson/Getty Images

Law enforcement and protesters in the Twin Cities suburb of Brooklyn Center clashed Tuesday night, after demonstrators again defied a curfew to protest for a third straight day the fatal police shooting of Daunte Wright.

The big picture: It followed two nights of protests and unrest over Wright's death Sunday. Outside the city's police headquarters, law enforcement used "heavy force," with tear gas and flashbangs, per the Star Tribune. Protesters threw objects including water bottles, hitting some officers on their helmets, the outlet notes.