DoorDash Inc. landed another $100 million in funding, adding to the more than $2 billion it has raised since its founding six years ago.
The additional funding, led by new investor T. Rowe Price Group, is part of the company’s Series G round, in which it received $600 million in May at a valuation of $12.6 billion, Bloomberg reports.
DoorDash is securing this funding despite the enforcement of California’s AB-5 looming on Jan. 1, which would turn a wide swath of contractors, including app-based delivery drivers, into permanent employees of the companies that they work for.
That, in turn, is expected to drive up operating costs for these companies.
