London – August 19, 2016 – Cooley advised General Catalyst Partners, one of the investors in a $275 million Series E financing for Deliveroo, the on-demand food delivery service. Other investors included lead investor Bridgepoint, existing investor DST Global, as well as participation from another existing investor, Greenoaks Capital.
Deliveroo has achieved more than 400% growth and reached profitability in a number of its established markets since its Series D round in November 2015. It has launched in 29 new cities, added an additional 9,000 new restaurant partners and created opportunities for 6,500 riders; it intends to expand into more cities and introduce new initiatives with this latest round of financing.
General Catalyst Partners invests in exceptional entrepreneurs who are building innovative technology companies and market-leading businesses. Its other investments include Airbnb, ClassPass, Datalogix, Datto, Gusto, The Honest Company, KAYAK and Snapchat.
The deal team that advised General Catalyst was led by David Bresnick and Aaron Archer with assistance from Sarah Pearce, Leo Spicer-Phelps, Chris Stack, Sam Tacey and Harry Calkin.
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