London-headquartered food delivery company Deliveroo has raised $575 million in a series G round of funding led by Amazon, with participation from T Rowe Price, Fidelity Management and Research Company, and Greenoaks.
This takes Deliveroo’s total funding to more than $1.5 billion since it was founded in 2012. Though the company hasn’t revealed a current valuation, we do know it was valued at more than $2 billion at its series F round back in 2017, so it was already comfortably in unicorn territory.
Similar to Uber Eats, Deliveroo provides transport infrastructure that allows restaurants of any size to offer customers delivery — without having to hire their own drivers. Through the mobile app, users can see which restaurants are signed up to Deliveroo in their area, place their order, and track their food on a map in real time. The company operates in more than a dozen countries across Europe, Asia, and the Middle East.