October 04, 2017. Barcelona Glovo closes 30M€ Series B funding round with investment from Rakuten and Cathay Innovation Both investment funds along with Seaya Ventures lead the series B round of the on-demand delivery start-up.
Niall Wass, former Senior Vice President, International at Uber, is also joining the company as an advisor.
Barcelona, 4th October 2017.- Glovo, the Barcelona based start-up has successfully closed its Series B funding round of €30 million led by Rakuten and Cathay. The operation has been closed as part of a new funding round to continue international expansion that also included investment from current investors, Seaya Ventures, Entreé Capital, Caixa Capital Risk and Bonsai Venture Capital.
Founded in Barcelona in January 2015 by Oscar Pierre and Sacha Michaud, Glovo has revolutionized the way consumers can buy, receive and send products in their city, allowing them to order anything from anywhere and get it delivered within minutes. Rakuten Capital, the investment arm of Rakuten, a global leader in e-commerce and fintech services and the main global partner of FC Barcelona and the Global investment fund Cathay Innovation, both committed to supporting digital businesses, have seen in Glovo an innovative and promising business model that is transforming consumer habits and disrupting last mile delivery in major cities.
http://www.cathay.fr/en/news/...investment-rakuten-cathay-innovation/ |