Island raises $175 million at $3 billion valuation

Island announced its $175 million Series D financing. The new funding round brings Island’s valuation to $3 billion, doubling the last valuation from less than a year ago. The round was led by new investor Coatue and existing investor Sequoia Capital, with additional funding from other existing investors. Island has raised $487 million in outside investment to date, including a strategic investment from Capital One Ventures, based on its unique value proposition and category momentum … More →

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