Deliveroo’s parent company has reported a loss of £18m for the year to 31 December after significant investment in growing its business.

Accounts for Roobox Ltd filed on Companies House show losses increased from £1.4m in 2014.

The accounts show the group with total equity as of 31 December of £102m, compared to £16.1m the year before.

In August, Deliveroo secured more than £200m in funding to expand into 28 new markets and roll out its RooBox project.

In a statement, the group said: “At Deliveroo our aim is to create the best food delivery experience in the world. In 2015, we invested significantly to help us achieve this. We launched in ten new countries, drove further expansion in both new and existing markets and continued to develop and invest in improving our offering to customers. It is common for ambitious start-ups to prioritise growth at this stage in their development, and our investments in growth are in line with our long-term strategy.”