Food delivery firm Deliveroo announced today that it has just raised US$575M funding in a Series G preferred sharing round led by tech giant Amazon.
Existing investors T. Rowe Price, Fidelity Management and Research Company, and Greenoaks Capital also participated in the round.
This brings the total funding for Deliveroo to US$1.53B.
With the funding, Deliveroo plans to grow its engineering team based in its London headquarters, expand its delivery reach, explore “new innovations” in the food sector like delivery-only ‘Editions’, and develop new products for customers and new tools for riders.
Said Will Shu, founder and CEO: “This new investment will help Deliveroo to grow and to offer customers even more choice, tailored to their personal tastes, offer restaurants greater opportunities to grow and expand their businesses, and to create more flexible, well-paid work for riders.”
This is great news for the tech and restaurant sectors, and it will help to create jobs in all of the countries in which we operate.
Deliveroo was founded in 2013 and works with over 80,000 restaurants and 60,000 rides worldwide.
It currently operates in over 500 towns and cities across 14 markets, and employs 2,500 employees.