DoorDash Joins Unicorn Club With Softbank-Led Half-Billion Dollar Series D

DoorDash has raised $535 million in a Series D round, valuing the company at $1.4 billion. Softbank led the round of investment and now has a seat on the board of directors. Softbank, known for investing in competing companies, has also invested $7.7 billion in Uber, whose Uber Eats business is one of DoorDash's largest competitors. DoorDash will use the funding to expand to 1,600 North American cities from its current 600,