Launch date
January 2015
Employees
1,729 people
Growth stage
late growth
Ownership
angel, venture capital, accelerator
Firm valuation
€600m - €900m(Dealroom.co estimates Apr 2019)
app.dealroom.co/companies/glovo
On-demand delivery app Glovo raises a $170M Series D round to bolster global growth
May 7, 2019
Since the company’s creation in January 2015 by CEO Oscar Pierre and Co-founder Sacha Michaud, Glovo’s growth has been powered by venture capital. Launching in a new city every four days on average last year, Glovo now employs over 1,000 people and isquickly becoming the fastest growing delivery player in Latin America and EMEA.
As Glovo expands across the world, it is committed to taking its technological capacity and systems to the next level. In addition to the appointment of VP of Engineering, Mustafa Sezgin late last year, Glovo aims to hire 300 new tech engineers reporting to the ex Uber and SoundCloud Engineering Leader.
seayaventures.com/...series-d-round-to-bolster-global-growth/
The lead investors in the Series C are Rakuten Capital, Seaya Ventures and Cathay Innovation, which had also invested in its Series B.
Commenting on the Series C, Oskar Mielczarek de la Miel, a managing partner at Rakuten Capital, told us: “Delivery is becoming increasingly global in reach. At Rakuten Capital, we are very excited about outstanding companies like Glovo, which continue to strike a mark by operating with utmost efficiency and filling an obvious gap in demand in Southern Europe, LatAm and beyond.
techcrunch.com/2018/07/18/...its-on-demand-delivery-business/
Barcelona’s Glovo scores €30 million from Rakuten and others to boost its on-demand local delivery services
By Robin Wauters, September 28th, 2017.