Portfolia Rising America Fund's backs companies led by people of color and/or LGBTQ founders, such as mobile banking startup MoCaFi. Instacart raises new funding round, as its sales soar with more consumers grocery shopping from home during pandemic. Warburg Pincus-led consortium takes 58.com private.
Instacart raised $225 million in the funding round. It will use the infusion to support the surge of new customers, workers and partners and fuel behind-the-scenes work in advertising and business software it provides to grocery partners.