Deliveroo, a London, UK-based food delivery service, raised $25m in Series B funding.
The round was led by Accel Partners with participation from Index Ventures, Hoxton Ventures and Hummingbird Ventures. In conjunction with the funding, Accel Partners’ Fred Destin will join Deliveroo’s board while Luciana Lixandru will be an observer.
The company intends to use the funds to expand in the UK (where it operates in London and Brighton and launches in Manchester this week) and internationally.
Founded in 2013 by William Shu and Greg Orlowski, Deliveroo provides a food delivery service that brings local independent and chain restaurants meals to customers’ home and offices. Delivered by a network of hundreds of drivers and cyclists who are paid for each completed delivery, Deliveroo’s food is prepared and delivered in 32 minutes on average.
Since launch in 2014, it has built a team of 300 drivers and cyclists while partnering restaurants include Busaba Eathai, Honest Burgers, Nando’s and Gourmet Burger Kitchen.
Today, the company serves over 120 neighbourhoods in London, Brighton and Manchester and has built a customer base of over 50,000 who use the service regularly. It employs over 50 people.