London-based Deliveroo today announced it’s raised a hefty $ 275 million in order to expand its European operations beyond the 84 cities (and one dozen countries) where it currently operates. Deliveroo currently serves the likes of France, Germany, Hong Kong, and the U.K. (of course) — but the startup has remained absent from the GrubHub-saturated U.S. market.
With fresh capital in hand, the food and booze delivery company says it will also use the new funds to invest in RooBox, which — Deliveroo says — “gives restaurants access to delivery-only kitchens in key locations, accelerating geographic expansion.”
London investor Bridgepoint Capital, Russia’s DST Global, and U.S. firms General Catalyst and Greenoaks Capital participated in the round. The company had previously raised at least $ 195 million, including a $ 100 million round in November 2015, a $ 70 million round that July, and another $ 25 million in January.