Accel leads $25m series-B for Deliveroo

Existing backers Index Ventures, Hoxton Ventures and Hummingbird Ventures also took part in the round.

The fresh capital will fund Deliveroo's UK and international expansion plans. The business is in the process of launching in Manchester, with its service currently live in London and Brighton.

Previous funding
Index led a £2.75m series-A round for Deliveroo in June 2014, with participation from Hoxton Ventures.

Company
Founded in February 2013 and headquartered in London, Deliveroo operates a food delivery platform for high-street restaurant chains and independent restaurants. It currently has agreements with brands including Nando's, Busaba and the Gourmet Burger Kitchen.

Orders through Deliveroo are GPS-tracked and time-stamped at each stage. The company says the average delivery time for orders is 32 minutes. It makes use of freelance drivers and cyclists to implement its service.

People
Fred Destin, a partner at Accel, will take a seat on the Deliveroo board, while Index's Martin Mignot also has a seat on the board. William Shu is the CEO of Deliveroo, having founded the company alongside Greg Orlowski.

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