Webvan
ClosedFoster City, United States · Founded 1996 · $396.0M raised
- Headquarters
- Foster City, California
- Employees
- 1001–5000
- Founded
- 1996
- Business Model
- B2C
- Total Funding
- $396.0M
- Last Round
- $396.0M Venture RoundJan 1999
- Rounds
- 1
About
Webvan was a San Francisco Bay Area online grocery delivery service, headquartered in Foster City, California, that let customers order groceries online for same-day delivery from automated regional distribution warehouses. Founded in 1996 by Louis Borders, the company raised roughly $1 billion in venture and IPO capital before over-expanding its warehouse and delivery infrastructure and filing for bankruptcy in 2001, becoming one of the defining failures of the dot-com era.
Summary
Webvan is an E-Commerce company based in Foster City, United States, founded in 1996. It has raised $396.0M in total across 1 round, most recently a $396.0M Venture Round round in Jan 1999.
Funding History
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Nov 1999
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Venture Round through IPO — per-round amounts, valuations, and who invested in each round.
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