Press Release

Rappi Closes $300+ Million Financing Round

October 2, 2020

New York – October 2, 2020 – Cooley advised Latin America-based, on-demand delivery service Rappi on its more than $300 million financing round, which was led by T. Rowe Price Associates. The Cooley team was led by Stephane Levy, Tamim Bazzi, Robert Warshaw and Benjamin Weitz.

“We are happy to work with this team of investors who trust our growth model, who believe in our region and the role we are playing,” the company said in a statement.

Rappi is an all-purpose delivery application that aims to be the personal assistant for its users. With a presence in Brazil, Colombia, Mexico, Argentina, Chile, Uruguay and Peru, its platform enables users to order and receive deliveries for a broad set of goods, including groceries, meals, beverages, electronics and medical prescriptions.

Cooley has advised Rappi on several financings since 2016, including its $220 million funding round in 2018, which established the company’s unicorn status, as well as its up to $1 billion investment by SoftBank in 2019.

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