Amazon leads a $575m investment round in Deliveroo

On-demand food delivery app Deliveroo today announces that Amazon is leading a new $575m (£450m) Series G preferred shared funding round, alongside existing investors T. Rowe Price, Fidelity Management and Research Company, and Greenoaks.

With this funding, Deliveroo will continue to build its service—bringing customers the food they want whenever and wherever they want it, offering even more work for riders, and helping restaurants to grow their businesses by reaching new customers.

The new investment will contribute to growing Deliveroo’s engineering team in its London office, expanding Deliveroo’s delivery reach to target new customers, expand ‘Editions’, and develop new products for customers to offer a more personalised experience.

Founder and CEO of Deliveroo Will Shu commented: “This new investment will help Deliveroo to grow and to offer customers even more choice, tailored to their personal tastes, offer restaurants greater opportunities to grow and expand their businesses, and to create more flexible, well-paid work for riders.

“Amazon has been an inspiration to me personally and to the company, and we look forward to working with such a customer-obsessed organisation.

“We’re impressed with Deliveroo’s approach, and their dedication to providing customers with an ever increasing selection of great restaurants along with convenient delivery options,” said Doug Gurr, Amazon UK Country manager.

“Will and his team have built an innovative technology and service, and we’re excited to see what they do next.”

This takes the total Deliveroo has raised to date to $1.53bn.