Deliveroo Closes $98 Million

U.K. food delivery startup Deliveroo announced it secured $98 million in Series F financing, led by T. Rowe Price and Fidelity Management & Research Company. DST Global, General Catalyst Partners, Index Ventures, and Accel Partners also participated.

Deliveroo’s food ordering and delivery platform integrates web and mobile consumers with tablet-based, point-of-sale restaurant order management terminals and a logistics algorithm used by delivery driver smartphone software. The company also offers Deliveroo Editions, which are bespoke kitchens designed to host locally-curated selections of restaurants. According to Deliveroo, it has operations in 100 cities across 12 countries.

The company intends to use the funds to grow Deliveroo’s Editions program.