Deliverect, a Ghent, Belgium-based global scale-up that simplifies online ordering for more than 20,000 locations across 40 markets, secured more than $150m (€130m) in Series D funding.
The round, which was led by Coatue and Alkeon Capital as well as existing investors OMERS Ventures, DST Global, Redpoint Ventures, Newion and Smartfin, brings total funding raised to date to $240m. and valuation at over $1.4 billion.
Led by Zhong Xu, Co-founder and CEO, Deliverect provides a SaaS online food delivery management platform, which 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, the platform is used by restaurant and FMCGs such as Taco Bell, Burger King, and Unilever, as well as small and midsize restaurants and dark kitchens around the world.
The company intends to use the funds to invest 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.
FinSMEs
25/01/2022