Restaurant delivery service Deliveroo has raised $100 million to fund further international expansion, and is expanding its Irish offering to Galway.
The $100 million Series D investment was led by DST Global and Greenoaks Capital with participation from existing investors Accel, Hummingbird Ventures and Index Ventures.
Deliveroo, which is backed by Irish entrepreneur Dylan Collins, said that the new investment will be used for further international expansion and to establish the company firmly as the number one provider of on-demand high-quality food delivery.
The service, which launched in London in 2013, has expanded into Galway city, its third Irish hub, following an earlier roll-out to Dublin and Cork. Ten of Galway’s restaurants already signed up to deliver meals through Deliveroo’s home-delivery service, including McCambridges, Hooked, Creole and The Dough Bros. Deliveroo is currently recruiting 30 drivers for Galway.
Deliveroo's general manager for Ireland Oliver Dewhurst said the funding was a major milestone in the company's international expansion. "The Irish business is experiencing phenomenal growth in Dublin and Cork and we're excited to add Galway to the list of cities our service is now live in with more to come in the near future," he said.
Deliveroo is also expanding into Dubai, Hong Kong, Singapore, Melbourne and Sydney off the back of a $70 million investment it received in July.
It now offers its service in 50 cities across 12 countries, and more than 5,000 restaurants are currently delivering through the platform worldwide.
Deliveroo was founded by by William Shu and Greg Orlowski in 2013, and opened its Irish office in 2014.
Hoxton Ventures, Mr Collins’ investment vehicle, invested in the company last year. It is just one of the investments made by Hoxton; the company also backs children’s marketing platform SuperAwesome, which Mr Collins heads up, TourRadar , Yieldify and others.
The serial entrepreneur, who founded JoltOnline Gaming and DemonWare, also sits on the board of animation studio Brown Bag Films and UK marketing agency Potato.
