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Illustration: Annelise Capossela/Axios

GoPuff, a Philadelphia-based instant delivery platform for everyday items, is raising $1 billion in new funding at a $15 billion post-money valuation, Axios has learned from sources close to the situation.

Why it matters: This reflects surging investor interest in hyper-local delivery, as GoPuff raised money at an $8.9 billion valuation earlier this year.

Details: The Blackstone Group is expected to be among a group of new investors, while Fidelity is among those returning.

  • All of the $1 billion is expected to be primary capital (i.e., not secondaries), with a final close anticipated for next week.
  • Bloomberg first reported on the fundraise, based on a Delaware stock authorization certificate.
  • A GoPuff spokesperson declined comment.

Go deeper

Dan Primack, author of Pro Rata
Jul 21, 2021 - Economy & Business

FTX raises largest-ever VC round for a crypto company

Illustration: Shoshana Gordon/Axios

FTX, a Hong Kong-based cryptocurrency exchange that launched in 2019, raised $900 million in Series B funding at an $18 billion valuation.

Why it matters: It's the largest-ever VC round for a crypto company, let alone for an exchange that prohibits Americans from trading on its primary marketplace.

Updated 1 hour ago - Sports

Olympics dashboard

⛳️: Golfer Bryson DeChambeau will miss Olympics after testing positive for COVID

📺: The Olympic events to watch today

🏊: Athlete spotlight — When to watch swimming star Katie Ledecky

🥋: Iranian defector defeats Iranian in taekwondo

🤖: The robot Olympics

🚨: Heat wave brings scorching temperatures to Tokyo Olympics

🎤: Meet the new faces of NBC's Olympics coverage

Go deeper: Full Axios coverage

Bezos beats Branson in space billionaires' battle for attention

Photo illustration: Aïda Amer/Axios. Photo: Imtiyaz Shaikh (Anadolu Agency), Drew Angerer/Getty Images

Jeff Bezos' flight into space generated more interest from the public than Richard Branson's, and both billionaires overshadowed their respective space companies.

Why it matters: Data shows an outsized public interest in the personalities at the center of the space trips, compared to the companies behind them — which could reinforce public suspicion that the ventures were partly vanity plays.

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