Barcelona-based Glovo raises 150 million euros to expand its delivery platform

Business Investments

03 May 2019

In its plans to boost its global growth, beef up its development team with 300 new tech employees and expand its services into supermarket delivery, the Catalan home delivery startup Glovo has closed a €150 million funding round. This round was led by the venture capital firm Lakestar with additional participation from Idinvest Partners and Korelya Capital as well as Drake, the owners of the Papa John’s franchise.

According to Glovo’s cofounder and CEO, Oscar Pierre, the objective of the funding is to allow them to “invest in human resources given that our team has always been fundamental to our success up to now”.

Founded in Barcelona in 2005 it now has some 1000 employees and over the last year it has begun to operate in a new city on average every 4 days. At present the company is present in Spain, Italy, Portugal, France, Argentina, Chile, Bolivia, Peru.



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