Deliverect raises $65m and surpasses 30 million orders processed

Deliverect, a Belgian startup that connects the likes of Uber Eats, Deliveroo, Doordash, and Just Eat Takeaway.com to restaurants’ PoS systems, has raised $65 million in a Series C funding round.

This involved DST Global Partners and Redpoint Ventures, as well as existing investors OMERS Ventures, Newion and Smartfin. Deliverect’s founders also participated in the round.

The Series C brings total fundraising to more than $90 million.

Did you know? 57% of Millennials say that they have restaurant food delivered so they can watch movies and TV shows at home. pic.twitter.com/CxGfGVYcrL
— Deliverect (@Deliverect_com) April 16, 2021

Founded in 2018, Deliverect will use the new capital to continue scaling and providing customers with technology to easily manage digital orders, including delivery, take-out and in-house dining apps.

The venture says that it has processed more than 30 million orders, and is now averaging more than one million orders processed per week, an increase of nearly 750% from April 2020.

Zhong Xu, Co-Founder and CEO at Deliverect, says: “The hospitality world is in a historical moment of change and digitalisation, and the delivery sector has become crucial for the survival of this industry.”

“The impact of this funding round goes beyond just Deliverect and our team. It’s about the restaurants who are surviving and thriving despite the challenges of Covid-19.”

“These funds will fuel our commitment to providing them with personalised technology to help them grow through their online sales and delivery channels.”

João Almeida, Director, M&A and Commercial Finance at KFC Western Europe, comments: "Delivery is very important for KFC. Before the pandemic, delivery was already very relevant. We were seeing an increasing number of online delivery orders, and it was - and still is - one of the fastest growing channels we had.”

“Post-Covid, I can tell you that online sales accelerated even further, and with Deliverect, the time that each rider waits for their order at the restaurant has decreased.”

“We've also seen a substantial decrease in the number of incidents, reducing both missing and incorrect orders.”