Deliveroo, the online food delivery platform, has raised a further $70m (£45m) of new funding to accelerate expansion in Europe, the Middle East and Asia.
Dan Warne, managing director of Deliveroo in the UK told M&C the Series C funding will be used for international expansion, broader-based marketing and improved technology.
The delivery company, led by William Shu, outlined plans earlier this year to expand into 20 cities in continental Europe this year including Dublin, Paris and Berlin.
The fundraising round was led by Greenoaks Capital as well as existing Deliveroo investors Index Ventures - which led the Series A funding, Accel Partners and Hoxton Ventures – which both participated in Series B funding earlier this year.
In January the business raised £16.5m through Series B fundraising to aggressively roll out across the UK and now operates in more than 120 neighbourhoods after launching in 2013.
Accel Partners Fred Destin sits on the Deliveroo board while Luciana Lixandru isan observer.
Last year it raised £2.75m for its first phase of expansion within London before heading to Brighton and Manchester. It has now established regional hubs across the UK from which to operate.
