Glovo raised €150 million in Series D funding led by Lakestar.

Glovo, a Barcelona, Spain-based company operating a business built around an on-demand delivery app, announced raising €150m ($169M) in Series D funding.

The round was led by Lakestar with participation from Drake, Idinvest Partners, and Korelya Capital.

Dharmash Mistry, Partner at Lakestar, will be joining the Glovo board, in conjunction with the funding.

The company intends to use the funds for growth in new markets across Africa, Europe and Latin America, hire more engineers and expand other on-demand product features such as its groceries capabilities and dark supermarkets.

Glovo, founded in January 2015 by CEO Oscar Pierre and Sacha Michaud, provides an on-demand app to deliver everything from food, to groceries and pharmaceutical items in the same city. The company, which operates in 124 cities across 21 countries, including EEMEA, LATAM, and most recently in Sub Saharian Africa, now employs over 1,000 people, 400+ in the Barcelona HQ. Over 35,000 active Glovers make money from the platform.