We’re a unicorn: $150 Million and 1.4B valuation in Series D Funding as we approach 100M orders

Today, we are very excited to share that Deliverect has secured more than $150 million in Series D!

​​We are thrilled to be growing so fast! Since we started this journey 3 years ago, we've always had the ambition to be the backbone of on-demand food. 

With this new investment, we have crossed the $1 billion valuation threshold, which, beyond the purely financial aspect and the “unicorn” status, essentially proves the value of our mission. But more importantly, we’re approaching another milestone, close to our heart! 9 months ago, we achieved 30 million orders processed. Now, we’ve almost processed 100 million orders for our customers and partners, across 40 markets! Seeing this growth means that our mission is more relevant than ever, and we will continue to help and change the way the hospitality industry adapts to the ever-changing digital world.

What matters to us

When we founded Deliverect 3 years ago, our dream was to help hundreds of thousands of restaurants, groceries, and q-commerce businesses to thrive online. Four guys with a simple and clear vision. Our objective and commitment are still the same today, and we’re proud that our positioning, based on the flexibility of our solution, has proven useful to our 20.000+ customers worldwide! 

Our customers are our motivation and the driving force behind every action we take. So hearing their experiences and enthusiasm for Deliverect gives us so much drive. We’re so proud to know that, on average, they see an increase of 25% in revenue as well as an 80% decrease in order failures. Online orders? Simplified. Results? Delivered!

“With the help of Deliverect, we’ve enabled significant growth for our delivery partner business and introduced a system that our shop teams love and find easy-to-use, helping us to serve more customers digitally than ever before.”  – Sarah Venning, Chief Digital and Information Officer of Pret A Manger 

And these numbers do not only apply to the large chains we work with. As the hospitality industry is a very fragmented sector, we believe smaller to medium-sized restaurants can thrive through the extra channel of meal delivery. They also struggle with integrating all those different meal delivery systems but often don't realize that there is a solution for that. 

Since we serve this very wide range of customers, our software must be able to 'talk' to thousands, perhaps even tens of thousands of point-of-sales. We are very proud and thankful for the now 500+ integrations we can offer by working with our amazing partners.  

All of this is reflected in Deliverect’s crazy growth and effort. In 2019 we worked with 50 partners, and we just processed 1 million orders. Now, we process more than 2 million orders in just one week!

What’s next?

Digitalization has never been just a trend. It’s a critical requirement. That’s why we’ll use this funding to expand our product portfolio and scale our operations, with a clear focus on innovation and helping our customers succeed. A little sneak peek? We are launching a dedicated App Store!

This funding will advance our efforts to serve everyone in the hospitality community through our App Store and beyond. We’re thrilled for Deliverect’s next phase as the leader in online order automation, especially as so many people prefer the convenience of ready-to-eat food delivery today.

Teamwork makes the dream work

We’re happy to welcome Coatue Management LLC and Alkeon Capital Management to the Deliverect journey, next to several of our other existing investors who also participated in this round. We thank you all for continuing to support us!

Lastly, we wouldn’t have been able to come this far without our passionate team! Let’s take a look down memory lane… In 2019, we were a bit more than 30 employees, in 5 offices around the world. And what a journey it has been! We’ve grown so much, hired many more of our passionate employees, and worked even harder to get where we’re at today. 

Now, we are almost 400 people, in 13 offices, and we serve more than 40 markets. Deliverect’s success is all about teamwork, so a big thank you to all of our team worldwide for their daily effort, commitment, and dedication.

Unicorn status is a milestone for us, and we look forward to celebrating it with our partners, customers, and the entire team. It has been a crazy journey, scaling up our operations and resources, and we can’t wait to grow further to push our mission forward.

I want to thank our customers, partners, investors, and team for helping create not just a successful company, but one we can all be proud of. And I can’t wait to take the next step with all of you!