On-Demand Food Delivery Service Deliveroo Raises $275M in Series E Funding
Summary
Deliveroo, a London, UK-based on-demand food delivery service, raised $275m in Series E funding.The round was led by Bridgepoint, existing investor DST Global, and General Catalyst with participation from existing investor Greenoaks Capital.The company intends to use the new funds to expand the service in both new and existing markets, as well as invest in projects such as RooBox, a remote kitchen initiative which gives restaurants access to delivery-only kitchens in key locations, accelerating geographic expansion.Founded in 2013 by William Shu and Greg Orlowski, Deliveroo works with over 16,000 restaurants as well as over 20,000 riders to provide food delivery experience to customers in over 84 cities across 12 countries, including Australia, Belgium, France, Germany, Hong Kong, Italy, Ireland, Netherlands, Singapore, Spain, United Arab Emirates and the United Kingdom.The company has more than 800 employees in offices around the globe.
Funding
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