San Francisco-based food delivery company DoorDash has secured $600 million in Series G funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced May 24 and led by Darsana Capital Partners.
According to its Crunchbase profile, "DoorDash provides on-demand restaurant food delivery services connecting customers with local businesses across the United States and Canada. The company is passionate about transforming local businesses and dedicated to enabling new ways of working, earning and living. Andy Fang, Evan Moore, Stanley Tang, and Tony Xu founded Palo Alto Delivery in June 2013, which became DoorDash, Inc. in October 2014."
The six-year-old company has raised nine previous funding rounds, including a $400 million Series F round earlier this year.
The round brings total funding raised by San Francisco companies in administrative services over the past month to $670 million. The local administrative services industry has seen 27 funding rounds over the past year, securing a total of $2.9 billion in venture funding.
In other local funding news, medical device company Concentric Analgesics announced a $76 million Series B funding round on May 22, led by Oracle Investment Management Inc.
According to Crunchbase, "Concentric Analgesics is developing a portfolio of novel, non-opioid therapeutics that provide long-lasting pain relief after a single local administration. Current postsurgical treatment options fall short."
The company also raised a $5.9 million round in 2016.
Meanwhile, intelligent systems company People.ai raised $60 million in Series C funding, announced on May 21. The round's investors were led by ICONIQ Capital.
From the company's Crunchbase profile, "People.ai is an artificial intelligence (AI) platform for enterprise revenue. People.ai helps sales, marketing and customer success teams uncover every revenue opportunity from every customer, by capturing all customer contacts, activity and engagement to drive actionable insights across all revenue teams."
People.ai last raised $30 million in Series B funding in 2018.
Also of note, home decor company Modsy raised $37 million in Series C funding, announced on May 21 and led by TCV.
From Crunchbase, "Modsy combines advanced 3D graphics, computer vision, and creative curation to provide its customers with home design guidance and plans. It allows its customers to see inspirational designs and decor within the context of their own home and shows ideas for their space before making any changes. Modsy helps new homeowners, remodelers, and renters create an ideal, personalized design."
The company previously raised $23 million in Series B funding in 2017.
Rounding out the city's recent top local funding events, credit card company Zero raised $20 million in Series A funding, announced on May 24.
From Crunchbase, "Zero is a mobile banking experience consisting of an app, a credit card called Zerocard, and a checking account called Zero Checking. Zero is the first modern banking experience to combine the simplicity of a debit card with the rewards of a credit card, featuring unlimited 1.0% to 3.0% cash back on spending and 0% to 1.75% annually on average current position (daily Zero checking minus Zerocard balance) with zero of the most annoying fees of typical bank accounts."
The company previously raised $16 million in funding in 2018.
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