On top of that, it acquired US food delivery service Maple in May 2017, as well as Edinburgh-based software development company Cultivate in August 2019.ĭeliveroo’s most recent £132m funding round was led by Durable Capital Partners and Fidelity Management & Research-both were follow-on investments. The company has raised a massive £1.28b thus far, through 10 funding rounds, it’s been named on 11 high-growth lists, and was a member of the 2015 cohort of Tech Nation’s Future Fifty accelerator programme. Founded in 2012, Deliveroo has grown its reach to over 200 cities, in 13 countries. So, 2021 has been strong out of the gate! But who’s raised these massive sums, and what is it they’re doing that’s drawing such a crowd? Several of these companies are fintechs (no surprise there), but innovators in other high-growth sectors, including AI, biotech, and e-commerce, have also entered the ranks.įood delivery giant Deliveroo uses technology to predict the time taken to prepare meals and the most efficient ways of delivering orders, using the locations of restaurants, customers, and its riders. In comparison, just three fundraisings of that magnitude had been secured by this point in 2020. In fact, we’ve seen nine announced megadeals already this year, making this a record-breaking January (and it’s not over yet!). Whereas, £1.55b in announced fundraisings has so far been secured in 2021, averaging at an impressive £27.2m per deal.īut this figure has been skewed considerably by a handful of very large raises, or ‘megadeals’, worth £50m or more.
In 2020, £512m worth of announced equity raises had been secured by this point in the year, with an average deal size of £6.32m. Having said that, the value of this year’s earliest deals by far surpasses that of last year… On top of this, the proportion of first-time fundraisings has also fallen, from 25% of announced raises in 2020 to just 16% in 2021. Meanwhile, despite concerns surrounding COVID-19’s impact on seed startups, 19% of this year’s early deals were first-time raises.Ĭomparing this year’s figures to the same time period in 2020, our data indicates a 28% drop in the number of announced equity deals. Unannounced deals typically make up around 70% of all UK fundraisings (which explains why we track them on our platform ). Of these initial deals, 67 were announced, whilst 31 were unannounced fundraisings, simply meaning that recipient companies chose not to disclose them to the public. Thanks to these early funding rounds, 2021 has already seen a massive £1.57b invested into the country’s most ambitious businesses-and it’s not even February yet. So far this year, 98 equity fundraisings have been secured by high-growth UK companies (1-19 January).
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