Deliveroo Gets $25 mill to Expand Food Delivery Service
The investment will upgrade the company’s delivery of high-quality restaurant meals.
Deliveroo announced that it has received a $25-million investment by Accel Partners, with participation from Index Ventures, Hoxton Ventures and Hummingbird Ventures.
The investment will help drive expansion of Deliveroo, the food delivery service for high-quality local restaurant meals, across the UK and internationally. Deliveroo is already live in London and Brighton, and also launched in Manchester recently.
Speaking of the fundraising, William Shu, CEO of Deliveroo said “[The] funding gives us the ammunition we need to bring our first-class delivery service to a much wider audience, and we’re delighted to have the Accel team and our existing investors on board to help us reach our goal”.
Martin Mignot from Index Ventures, the venture capital firm that led Deliveroo’s funding, added: “Deliveroo is one of the fastest growing companies in our portfolio. The main reason behind this growth is its win-win-win proposition. Customers get access to good food they couldn’t get delivered before, restaurants increase their revenues and hundreds of drivers generate new income.”
Accel Partners’ Fred Destin will join Deliveroo’s board, while Luciana Lixandru will be an observer.