Zapp announced raising $100 million in a round led by Atomico and Lightspeed Ventures.
Zapp, a London, UK-based startup building an operation providing on-demand groceries & essentials delivery, announced closing a $100 million series A fund round.
The money represents a media estimate of the proceeds secured since the company was founded in 2020.
Lead investors are UK-based Atomico and the American VC Lightspeed Venture Parters - other contributors include 468 Capital, Burda, and business angels such as Mato Peric, Christopher North (former Amazon UK CEO), and Stefan Smalla (Westwing CEO).
Zapp, founded in 2020 by Joe Falter and Navid Hadzaad, operates a delivery business of groceries and essentials from its owned micro fulfillment centers (dark stores). The company already set out their dark stores in several locations in London: Kensington, Chelsea, Fulham, Notting Hill, Hammersmith, Shepherd’s Bush, Shoreditch, Islington and Angel.
Zapp is one of the many online grocery startups from Europe funded by venture money