Latest fundraising round values Deliveroo at more than £5bn

By Hugh Radojev2021-01-18T07:16:00

Deliveroo’s valuation has shot up to more than $7bn (£5.11bn) ahead of a long-awaited float, following another successful fundraising round over the weekend.

The latest round of private financing for the takeaway home-delivery app highlights investor appetite for tech-led, high-growth companies and puts Deliveroo’s value with backers at more than $7bn ahead of a mooted IPO.

The business raised $180m in new funding from existing investors on Sunday, pushing the current valuation to more than double what it was in 2019 when tech giant Amazon invested as part of a wider $575m raise.

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