# Deliverect NV

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/deliverect

- Industry: Software
- Headquarters: Gent, Belgium
- Website: www.deliverect.com
- Total disclosed funding: $218M
- Latest round: Series D (Feb 1, 2022)
- Investors on record: 9

## About

Deliverect NV is a technology company that enhances digital food sales by integrating online ordering systems with point-of-sale solutions, enabling streamlined management for food businesses of all sizes.Founded in 2018 in Gent, Belgium, Deliverect NV specializes in integrating online ordering services with point-of-sale systems. The company was established by Jan Hollez, Jelte Vrijhoef, Jerome Laredo, and Zhong Xu, who is currently the CEO. Deliverect has secured a total of USD 150.00 mn in funding, with its latest round being a Series D funding on January 24, 2022, co-led by Alkeon Capital Management and Coatue Management, involving other investors such as DST Global and Redpoint Ventures. The company has completed five funding deals to date.Deliverect offers a comprehensive suite of technology solutions designed to streamline digital food sales for businesses of all sizes. Its core product is an API-first software platform that integrates various online ordering services with point-of-sale (POS) systems, enabling restaurants and retailers to manage their menus, online orders, and delivery channels from a single, centralized hub. This solution eliminates manual entry, automates operational tasks, and provides real-time insights into sales performance and third-party delivery metrics. The platform is particularly effective for clients in the food service sector, including notable customers like Little Caesars, which utilizes Deliverect to manage deliveries across its vast network of 4,000 locations. Deliverect's products mainly serve markets in North America, Europe, and parts of Asia, helping businesses enhance their omnichannel presence and optimize delivery logistics.In the most recent financial year of 2023, Deliverect reported a revenue of USD 26.39 mn, with an EBITDA of USD -25.93 mn. The revenue is generated through a subscription model that provides access to its integrated software solutions, tailored primarily for B2B clients in the restaurant and retail sectors, enabling them to optimize their order management systems and improve customer experience.Following its Series D funding of USD 150.00 mn in January 2022, Deliverect plans to utilize the raised capital to expand its workforce and enhance its platform's capabilities. This includes developing an app store to facilitate easier integration of various companies that their customers may use. Additionally, Deliverect aims to target new geographic regions and market segments to increase its global footprint.

## Funding rounds

- Series D, Feb 1, 2022, $137M — Redpoint Ventures, Coatue Management, Alkeon Capital Management, DST Global, Newion Investments, OMERS Ventures, Smartfin
- Series C, Apr 27, 2021, $59M — Redpoint Ventures, DST Global, Newion Investments, OMERS Ventures, Smartfin
- Series B, Apr 16, 2020, $18M — Newion Investments, OMERS Ventures, Smartfin
- Series A, Apr 5, 2019, $3.4M — Newion Investments, Smartfin, Imec.xpand
- Seed, Jul 12, 2018, $0.4M — Lightspeed Commerce Inc., Imec.xpand

## Investors

- Lightspeed Commerce Inc. — Seed
- Imec.xpand (https://capitalatlas.ai/funds/imec-xpand) — Seed, Series A
- Newion Investments (https://capitalatlas.ai/funds/newion-investments) — Series A, Series B, Series C, Series D
- Smartfin (https://capitalatlas.ai/funds/smartfin) — Series A, Series B, Series C, Series D
- OMERS Ventures (https://capitalatlas.ai/funds/omers-ventures) — Series B, Series C, Series D
- Redpoint Ventures (https://capitalatlas.ai/funds/redpoint-ventures) — Series C, Series D
- DST Global (https://capitalatlas.ai/funds/dst-global) — Series C, Series D
- Coatue Management (https://capitalatlas.ai/funds/coatue-management) — Series D
- Alkeon Capital Management (https://capitalatlas.ai/funds/alkeon-capital-management) — Series D