Glovo, a Barcelona, Spain-based on-demand delivery startup, raised €5m in Series A funding.
Backers included Seaya Ventures, Antai Venture Builder, Entreé Capital, Caixa Capital Risk, Bonsai Venture Capital, and other existing investors.
The company intends to use the funds to consolidate its presence in Spain, Italy and France and to continue to develop the platform.
Led by CEO Oscar Pierre, Glovo App uses a collaborative, urban and express system to allows customers to send or receive products in less than an hour. The app connects users with independent couriers called glovers and allows them to acquire products from restaurants, coffee places or stores in their city, as well as delivering packages.