Deliverect, a Ghent, Belgium-based global scale-up that simplifies online ordering for more than 20,000 locations across 40 markets, announced it secured more than $150 million (€130 million) in Series D funding.
The round was led by Coatue and Alkeon Capital as well as existing investors OMERS Ventures, DST Global, Redpoint Ventures, Newion, and Smartfin, bringing Deliverect to $240 million raised to date. This round marks the company's valuation at over $1.4 billion.
With this latest round of funding, Deliverect is investing in engineering and technology advancements, expanding its product portfolio and scaling to serve hundreds of thousands of establishments, which now includes convenience and grocery stores in addition to restaurants.
Company: Deliverect NV
Raised: $150.0M
Round: Series D
Funding Month: January 2022
Lead Investors: Coatue and Alkeon Capital
Additional Investors: OMERS Ventures, DST Global, Redpoint Ventures, Newion and Smartfin
Company Website: https://www.deliverect.com/
Software Category: Online ordering platforms
About the Company: Founded in 2018, Deliverect is a SaaS company that simplifies online food delivery management. Deliverect seamlessly integrates online orders from food delivery channels (Uber Eats, Doordash, Just Eat Takeaway.com, etc.), allowing 20,000 establishments to improve operational service and increase customer satisfaction. Operating in over 40 markets around the world, Deliverect is trusted by restaurants and FMCGs such as Taco Bell, Burger King, and Unilever, as well as small and midsize restaurants and dark kitchens around the world.
Source: https://www.prnewswire.com/news-releases/deliverect-raises-150-million-in-series-d-funding-as-it-reaches-100-million-orders-processed-301466980.html