Lily Sarafan has served on Instacart’s Board of Directors since October 2021. Sarafan is co-founder and Executive Chair of TheKey where she served as chief executive through December 2020 and led the company from startup to industry leader with 15,000+ employees. She is also a board director with Serve Robotics, Thumbtack and Kyo.

Lily serves on the Stanford University Board of Trustees, Freeman Spogli Institute Council, Undergraduate Cabinet and Life Sciences Council. She is Founding Partner of Project BIG: The Brain Immune Gut Initiative and an appointed member of the California Governor's Alzheimer's Task Force. Lily also serves in various leadership roles to advance precision health, economic development and informed civic engagement.

Lily holds M.S. and B.S. degrees from Stanford University. She has been named Ernst & Young Entrepreneur of the Year, Women Health Care Executives Woman of the Year and a 2020 Fortune 40 Under 40. Lily is a member of the Council on Foreign Relations, a Henry Crown Fellow of the Aspen Institute and a World Economic Forum Young Global Leader.