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Illustration: Brendan Lynch/Axios

Instacart, a San Francisco-based grocery delivery company, raised $265 million in new funding from existing investors at a $39 billion valuation.

Why it matters: Big VC deals for grocery delivery aren't just a North America thing. Within the past 24 hours we learned: Rohik, the Instacart of Eastern Europe, bagged €190 million; Flink, a German grocery deliverer that utilizes "dark stores," got seeded with $52 million; and Crisp, an Amsterdam-based online grocer focused on fresh produce, added €30 million.

Instacart backers include Andreessen Horowitz, Sequoia Capital, D1 Capital Partners, Fidelity and T. Rowe Price.

The bottom line: This feels like a pre-IPO round, particularly given that Instacart recently added a pair of independent directors. But so did a $200 million injection last fall at a $17.7 billion valuation. And the $325 million deal last summer at a $13.8 billion valuation.

  • At the very least, it gives Instacart more firepower as deep-pocketed rivals like DoorDash encroach on grocery and as Instacart expands into areas like alcohol and non-food retail delivery.

Go deeper

Dan Primack, author of Pro Rata
Mar 1, 2021 - Economy & Business

California drone-maker Skydio valued at $1 billion

Illustration: Sarah Grillo/Axios

Skydio, a Redwood City, Calif.-based autonomous drone-maker, raised $170 million in Series D funding led by existing backer Andreessen Horowitz at a valuation north of $1 billion.

Why it matters: It comes just two months after drone-market dominator DJI was put on a U.S. national security blacklist, thus creating new opportunities for homegrown rivals. Plus, it's now notable that an AV unicorn like Skydio opted for a private financing instead of a SPAC.

Army officer lawsuit shines light on police treatment of Afro-Latinos

A screenshot from bodycam footage showing U.S. Army Lt. Caron Nazario during the traffic stop in December, when he was pepper-sprayed.

Caron Nazario, a Black and Latino lieutenant in the U.S. Army, was threatened and pepper-sprayed during a traffic stop that is now under investigation by the Virginia attorney general's office for being “dangerous, unnecessary, unacceptable and avoidable.”

Why it matters: Nazario’s resulting lawsuit against the Windsor, Virginia, police department has brought attention to police treatment of Afro-Latinos, and the lack of data about it despite a growing reckoning over abuses from law enforcement.

2 hours ago - Health

Global COVID-19 death toll surpasses 3 million

Illustration: Sarah Grillo/Axios

The global toll of confirmed deaths from COVID-19 surpassed 3 million on Saturday, according to data from Johns Hopkins University.

By the numbers: The U.S. has seen more deaths (566,238) than any other country, followed by Brazil (368,749) and Mexico (211,693).