SoftBank Vision Fund 2 Leads $425 Million Round in Weee!

<p><strong><span class&equals;"legendSpanClass"><span class&equals;"xn-location">FREMONT<&sol;span><&sol;span> <&sol;strong>&&num;8212&semi; Weee&excl;&comma; a fast-growing online grocer specializing in Asian and Hispanic groceries&comma; has secured <span class&equals;"xn-money">&dollar;425 million<&sol;span> in Series E financing led by SoftBank Vision Fund 2&period; Greyhound Capital also participated in this round alongside the company&&num;8217&semi;s existing investors&period;<&sol;p>&NewLine;<p>The company plans to use the new capital to expand Weee&excl;&&num;8217&semi;s platform offering across new and existing ethnicities&comma; and scale grocery and food delivery services to new geographies providing more customers with access to food at affordable prices&period; The company will also advance warehouse automation and AI innovations to further improve its industry-leading customer experience&period;<&sol;p>&NewLine;<p>&&num;8220&semi;The market for ethnic groceries and food is massively underserved in the U&period;S&period;&comma; and we believe that Weee&excl; is in a prime position to meet the demands of customers&comma;&&num;8221&semi; said <span class&equals;"xn-person">Lydia Jett<&sol;span>&comma; Managing Partner at Softbank Investment Advisors&comma; who will join Weee&excl;&&num;8217&semi;s Board of Directors as part of the Series E&period; &&num;8220&semi;Weee&excl;&&num;8217&semi;s strong execution capabilities and reach across multiple ethnic groups&comma; coupled with a unique customer experience model leveraging AI&comma; has enabled it to scale effectively in a rapidly evolving grocery market&period; We are delighted to partner with <span class&equals;"xn-person">Larry Liu<&sol;span> and the team to support their next phase of expansion&period;&&num;8221&semi;<&sol;p>&NewLine;<p>&&num;8220&semi;We&&num;8217&semi;ve seen tremendous growth in 2021&comma; even through the easing of COVID-19 related pressures&comma; as our customers continue to discover affordable access to a wide array of exciting products and food online&period; We look forward to building on that momentum as we add depth to our investor base with Softbank&&num;8217&semi;s global e-commerce expertise&comma; and welcome them to the board&comma;&&num;8221&semi; said <span class&equals;"xn-person">Larry Liu<&sol;span>&comma; founder and CEO of Weee&excl; &&num;8220&semi;Their partnership will further enable Weee&excl; to serve customers in the &dollar;360&plus; billion ethnic grocery and food market&period;&&num;8221&semi;<&sol;p>&NewLine;<p>Weee&excl; continues to expand its Chinese&comma; Japanese&comma; Korean&comma; Vietnamese&comma; Filipino&comma; Indian and Latin offerings for customers&comma; adding more than 500 new products per week&comma; and plans to expand to other ethnicities in the future&period; Weee&excl; also partners with more than 1&comma;000 restaurants to offer authentic food-at-home options for customers&period;<&sol;p>&NewLine;<p>Founded in 2015&comma; Weee&excl; has raised over &dollar;800 million to date&period;<&sol;p>&NewLine;