Samaipata and Elderstreet in $7.5m round for Jinn

The company, which initially operated exclusively in London, has recently introduced its service in Manchester. Following completion of the deal, it will look to expand into more cities across the UK and southern Europe.

Existing angel investors also took part in the round, alongside investment firm Bull Partners.

Venture capital firms have a track record of investing in British food ordering and delivery services. In April 2014, Just-Eat - which was backed by Index Ventures, Vitruvian Partners, Greylock Partners and Redpoint Ventures - floated with a market cap of £1.46bn. More recently, Deliveroo raised $100m in a series-D funding round in November 2015, led by DST Global and Greenoaks Capital.

Samaipata Ventures was founded in 2015 by the former CEO of Spanish food delivery platform La Nevera Roja, José del Barrio. La Nevera Roja was acquired by Rocket Internet in January 2015 for a reported figure of €80m.

Company
Founded in 2013 and headquartered in London, Jinn is a delivery service for restaurants and local merchants. The company processes 50,000 orders per month through its website and smartphone apps, amounting to transactions totalling $25m per year.

Jinn currently connects users with 500 businesses, a figure it aims to double over the next three months.

People
Samaipata Ventures - José del Barrio (CEO and founding partner).
Jinn - Mario Navarro (CEO and co-founder); Leon Herrera (co-founder).

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