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Deliveroo closes $275m Series E round led by Bridgepoint

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On-demand food delivery service Deliveroo has announced the closure of a $275m Series E round led by Bridgepoint.

The round also drew support from DST Global, General Catalyst and Greekoaks Capital.

The news comes after Deliveroo, founded in 2013, closed a Series D round in November last year.

UK tech firm Improbable closes staggering $502m Series B

Will Shu, founder and CEO of Deliveroo, said: “After seeing strong growth in the markets we launched in November, our new focus is to drive further innovation in food delivery. In particular, I’m excited about exploring completely new ways to solve the hardest problems restaurants face when offering delivery.

“RooBox is the first illustration of this approach, and innovations like these are at the heart of our mission. We’re proud and honoured to have the support of Bridgepoint, DST Global and General Catalyst in this endeavour,” he added.

The new funds, a statement said, will be used to expand the service in both new and existing markets, as well as provide further investment in projects such as RooBox, a remote kitchen initiative.

Headquartered in London, the company now operates in 84 cities across 12 countries.

 

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