Deliverect Raises $150 Million at $1.4 Billion Valuation

Deliverect is a service that integrates online orders into restaurants POS from food delivery channels, third-party online ordering platforms such as Glovo, Doordash, Uber Eats, and Deliveroo. The Deliverect system automates online order flow and eliminates the need to monitor multiple devices.

The Series D funding round was co-led by Coatue and Alkeon Capital. New investor – Redpoint Ventures, and existing investors Newion, Smartfin, OMERS Ventures, and DST Global Partners took part in the round. The funds raised will be used for engineering and technology development.

Deliverect, Belgium, was founded by Jan Hollez, Jelte Vrijhoef, Jerome Laredo, Zhong Xu in 2018. Since that time, the company was able to complete more than 100 million orders, in 2021 – 1.5 million orders per week. “As digitization becomes more and more popular, we’ve seen how much not only restaurants but grocery and convenience stores need streamlined online ordering to meet customer satisfaction, especially among Millennials and Generation Z shoppers,” Zhong Xu, co-founder, and CEO. With the Deliverect service, the staff workload, as well as time and money, spent decreases, while the number of sales increases.

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