Weezy bags $20m to expand grocery deliveries across UK
Weezy has raised $20 million in Series A funding to expand its grocery delivery service across London and the UK.
The round was led by New York-based venture capital fund Left Lane Capital.
Also participating were UK-based fund DN Capital, earlier investors Heartcore Capital and angel investors, notably Chris Muhr, the Groupon founder.
Weezy has now raised $21 million in total. The latest funding will help expand its London-based team by 50 employees over the next four months, in addition to extra fulfilment centre staff.
Weezy delivers fresh produce and household items, using pedal cycles or electric mopeds, in less than 15 minutes on average.
It is opening two fulfilment centres in Lambeth and London Fields this month, adding to its existing locations covering Battersea, Clapham, Fulham and Chelsea. It plans to open 40 more UK sites by the end of 2021.
Kristof Van Beveren, Co-founder and CEO, Weezy, says: “People are no longer happy to wait around for deliveries, and there is strong demand for a more efficient service.”
“Our customers love the friendliness of our team, the quality of our produce, and our quick, accurate delivery times.”
Harley Miller, Managing Partner, Left Lane Capital, comments: “Weezy’s founding team have the right balance of drive, experience and temperament to lead in e-commerce innovation and convenience within the UK grocery market and beyond.”
“It is an honour to partner with them on this journey and help them solidify their first mover advantage in London.”
