Deliveroo durable capital partners fidelity 7b bradshaw
Deliveroo, the popular food delivery service, recently announced that it has raised $180 million in funding from a group of investors led by Deliveroo durable capital partners fidelity 7b bradshaw. The funding round also included participation from existing investors, including T. Rowe Price, General Catalyst, and Index Ventures. This latest funding round brings the total amount raised by Deliveroo to over $1.5 billion.
The Investment from Durable Capital Partners and Fidelity
Durable Capital Partners is a growth-oriented investment firm founded by former T. Rowe Price portfolio manager, Henry Ellenbogen. The firm’s investment in Deliveroo is its first investment in a European company. Fidelity, on the other hand, is a well-known American investment management company with over $4.9 trillion in assets under management. The investment from Durable Capital Partners and Fidelity is a significant endorsement of Deliveroo’s business model and growth potential. The funding will be used to further expand Deliveroo’s network of restaurants and riders, as well as to invest in new technology to improve the customer experience.
Bradshaw’s Appointment as Chairman
In addition to the funding announcement, Deliveroo also announced that Dan Schulman, CEO of PayPal, has joined its board as a non-executive director. The company also appointed Lord Simon Wolfson, CEO of Next, as a non-executive director and Michael Sherwood, former Vice Chairman of Goldman Sachs, as an independent director. However, the most significant appointment is that of Claudia Arney as Deliveroo’s new Chairman. Arney is currently a non-executive director at Ocado and was previously the CEO of The Energy Saving Trust. She will replace Dan Rimer, who has been Chairman of Deliveroo since 2015.
Conclusion
The recent funding round and appointments at Deliveroo demonstrate the company’s commitment to expanding its business and improving its customer experience. The investment from Durable Capital Partners and Fidelity is a significant endorsement of Deliveroo’s business model, while the appointment of Claudia Arney as Chairman brings a wealth of experience to the company. With the food delivery market continuing to grow, Deliveroo is well-positioned to capitalize on this trend and continue its expansion.
