Bridgepoint leads $275m series-E for Deliveroo

The funding round was co-led by existing investors DST Global and General Catalyst, while returning backer Greenoaks Capital also participated. Including the series-E, Deliveroo has raised around $475m in venture funding since June 2014.

Deliveroo's latest fundraising was reported to value the company in the vicinity of $1bn, potentially making it Europe's latest Eunicorn, though other reports put its valuation around $800bn.

Europe's food delivery vertical has been a popular play for VCs in the region in the past few years, with startups such as Jinn, FoodPanda, Delivery Hero and Hungry House attracting institutional capital during the same period as Deliveroo's ascent.

Previous funding
Prior to Bridgepoint's investment, Deliveroo had raised four funding rounds since June 2014, when it received £2.75m of capital from Hoxton Ventures.

Hoxton was joined by Accel, Index and Hummingbird in January 2015, when the VC syndicate injected $25m in Deliveroo's series-B. The startup completed its series-C six months later, raising $70m from existing backers and Greenoaks Capital. Deliveroo's series-D saw it raise $100m from its existing venture backers.

Company
Founded in 2013 and based in London, Deliveroo is local delivery service allowing customers to order food from restaurants that do not operate their own delivery service.

It operates across 84 cities in 12 countries, employing 20,000 riders to deliver food from 16,000 restaurant partners. The company employs 800 people in its own offices.

People
Deliveroo – William Shu (co-founder, CEO).

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• Topics
• Expansion
• UK / Ireland
• Consumer
• Venture
• Bridgepoint
• Accel Ventures
• Index Ventures
• United Kingdom