Deliverect in a $65 million series C round backed by Redpoint Ventures and DST Global.
Deliverect, a Gent, Belgium scale-up that connects food delivery companies directly to restaurants’ POS system, announced that it has raised $65 million in a Series C funding round.
Deliverect, founded in 2018 by Jan Hollez, Jelte Vrijhoef and Zhong Xu (CEO), developed a mobile app helping all types of restaurants to easily manage and grow their online orders. The platform eliminates the need for restaurant staff to monitor multiple devices and manually re-enter orders into their existing system, therefore dramatically reducing both staff workload and the probability of errors.
The company says it processed more than 30 million orders, and is now averaging more than one million orders processed per week -- an increase of nearly 750% from April 2020. This is estimated to equate to more than $1B in order value and provides customers, on average, an increase of 25 percent in revenue, as well as an 80 percent decrease in order failures.
Deliverect previously raised about $22 million.