Deliverect raised $150 million in a Series D found round led by Coatue and Alkeon Capital.

Deliverect, a Gent, Belgium scale-up that connects food delivery companies directly to restaurants’ POS system, announced closing series D equity fundraising at $150 million.

The money was raised from backers led by the American investors Coatue and Alkeon Capital, joined by Redpoint Ventures, Newion, Smartfin, OMERS Ventures, and DST Global Partners.

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 100 million orders, averaging around 1.5 million orders processed per week.

Deliverect previously raised series C closed at $65 million in 2021 and backed by Redpoint Ventures and DST Global.