Deliveroo has acquired New York-based food delivery firm Maple.
As a result of the acquisition, some of Maple’s team will join Deliveroo’s operations in London.
The news comes after Deliveroo closed a $275m Series E in August last year, bringing its total raised to date to $474.59m.
Speaking about the acquisition, Will Shu, founder and CEO of Deliveroo, said: “Maple’s founders share the same vision for food delivery as we do – great food delivered straight to your door, fast. I have a huge amount of respect and admiration for everyone who has been a part of Maple. Maple’s great work will live on through Deliveroo.
“Their leading technology and kitchen design expertise will help accelerate the growth of Deliveroo Editions, a brand new platform that helps restaurants to launch, test and take their menus nationwide without the need for a high street premise.
“In our mission to build the very best food delivery service in the world, this is another big step as we deliver more top quality food to more customers around the world,” he added.
Thread lands $22m to grow its AI-powered styling service
Founded in 2014, Maple had raised $29m in funding to date from investors including Greenoaks Capital and Thrive Capital.
Maple’s founders Akshay Navle and Caleb Merkl announced the news via a blog post.
“Over the past several months we’ve been spending most of our time thinking about the future of our business—what comes next for Maple? The more time we spent trying to answer this question, the more evident it became that of all the paths we had contemplated, the most compelling next step in Maple’s story involved a shift from our current approach.
“While an incredibly difficult decision for us given the effect on our core operations, it became clear that we needed to close the Maple operation here in New York and look for a partner with scale—one that would allow us to leverage all that we had built across a broader platform,” they said.
The terms of the acquisition remain undisclosed.