Greenoaks et al. in $575m round for Deliveroo

The fresh capital will enable the company to add to its London-based engineering team, expand the number of locations in which it offers its service, and invest in partnerships with restaurant operators that will see the launch of delivery-only "super kitchens".

The latest investment brings the total amount raised by Deliveroo to $1.53bn, according to a statement.

Previous funding
Deliveroo has raised seven funding rounds since 2014, when it received £2.75m in capital from Hoxton Ventures. Hoxton was joined by Accel Partners, Index Ventures and Hummingbird in early 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. Deliveroo's series-D saw it raise $100m from its existing venture backers.

Bridgepoint then led a $275m series-E round for Deliveroo in 2016, valuing the company between $800m-1bn. The funding round was co-led by existing investors DST Global and General Catalyst, while returning backer Greenoaks also participated.

Most recently, T Row Price, Fidelity Management, DST, General Catalyst, Index and Accel took part in a $385m round for the business in 2017.

Company
Founded in 2013 and based in London, Deliveroo is a meal delivery service enabling customers to order from restaurants that do not operate their own delivery service. It operates across 500 cities and towns in 14 countries, employing 60,000 riders to deliver food from 80,000 restaurants. The company employs 2,500 people in its own offices.

People
Deliveroo – Will Shu (CEO).

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• Topics
• Expansion
• UK / Ireland
• Consumer
• United Kingdom
• Venture