Deliverect, a SaaS platform that automates restaurants’ online orders, has secured more than $150 million in Series D funding.
The funding, which is led by Coatue and Alkeon Capital as well as existing investors OMERS Ventures, DST Global, Redpoint Ventures, Newion and Smartfin, brings Deliverect to $240 million raised to date. This round marks the company’s valuation at over $1.4 billion.
Deliverect is investing in engineering and technology advancements, expanding its product portfolio and scaling to serve hundreds of thousands of establishments, which now includes convenience and grocery stores in addition to restaurants.
Deliverect is also launching a dedicated App Store. Deliverect has received 100 million orders to date and processed one and a half million orders per week in 2021 alone, a 300 percent increase in less than one year.
Deliverect’s SaaS platform automates restaurants’ online order flow through a single point, taking delivery, table app or takeout requests from services like Uber Eats, Grubhub, Deliveroo, Doordash, Foodora, Shopify and more and transferring them straight to the kitchen.
Both small restaurants and large global chains such as Kentucky Fried Chicken (KFC), Chipotle, Time Out Market, Taco Bell, Le Pain Quotidien and Outback Steakhouse use Deliverect to bring their meals to the hands of happy customers.