Instacart said it has raised $200 million as part of a new financing round led by existing investors Valiant Peregrine Fund and D1 Capital Partners. The investment comes as consumer demand for Instacart’s online grocery delivery and pickup services continues to grow and the company expands its marketplace with new and existing retail partners.
Second Avenue Capital Partners has provided a $35 million senior secured credit facility to a joint venture of Marquee Brands and CSC Generation in support of their newly acquired kitchenware retailer Sur La Table. Proceeds from the transaction are being used to provide additional working capital and support growth.
To allow for greater consumer choice as to whether they want to buy or lease merchandise, Rent-A-Center has entered a partnership with ChargeAfter that will allow retailers to add a preferred lease option to ChargeAfter’s consumer point of sale financing product.
Instacart has raised $225 million as part of a new financing round led by DST Global and General Catalyst, with existing investor D1 Capital Partners participating. The investment comes as Instacart continues to experience a surge in customer demand for grocery delivery and pickup.
Rosenthal & Rosenthal is a provider of financial services for the retail business, specializing in factoring, asset-based lending, purchase order financing and direct-to-consumer financing.
Macy’s has secured new financing to shore up its business, while revealing that its preliminary sales and earnings results for the first quarter included a loss and lower sales, although it said e-commerce and reopened stores are performing well.
Tuesday Morning said that the company has obtained a commitment from BRF Finance Co., LLC, an affiliate of B. Riley Financial, Inc., for $25 million of debtor-in-possession financing as required by the company’s current $100-million DIP agreement with its existing lender group. With this commitment, the company has secured commitments for a total of $125 million to support the continuity of operations during Chapter 11 proceedings.
Ember Technologies, manufacturer of a temperature controlled smart ceramic mug, has received debt financing from Crescent Cove Advisors. The transaction closed in the second quarter of 2019 and Crescent Cove provided all committed financing for the transactions.
Bonne O Holdings, a beverage system developer, recently closed on the final tranche of its $7.5 million in Series B financing.
With the holidays approaching, Hayneedle is offering special financing options and real-time help via online chat to provide consumers an easier online shopping experience.