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Glovo valuation, funding and investors

Glovo works in on-demand delivery services, based in Barcelona, Spain. Founded in 2015, it has about 15,500 employees.

Series F
VALUATION · TODAY
$3.41B −7% after Series F
Range $537M – $10.00B · Grade D
TODAY
+12 MO
$2.00B
$4.00B
$6.00B
$8.00B
$10.00B
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
Seed $2.13M
Series A $5.60M
Series B $35.0M
Series C $134M
Series D $168M
Series E $167M
Series F $530M
ValuationBefore first round12-month outlook: where it points, how wide it fansHover the past: the outlook shows what was predicted then
HEADCOUNT · TODAY15,465 employees
+7%6m growth
+17%1y growth
+41%2y growth
10k
20k
Data from Jan 2021
TODAY
Predicted in 1 yr $3.18B −7% vs today
Predicted next raise $862M if a round comes
Winding-down probability 33%
Last round
Series F · $530M · Apr 2021
Valuation at last round
$3.91B · implied
Headcount
15,465 · up
Grade
D
Founded
2015
How VCMC values companies →

Glovo valuation today

VCMC values Glovo at $3.4B today, with a range of $537M to $10.0B and a grade of D. The valuation starts from its last funding round, a Series F round in Apr 2021.

Valuation by date (149 rows)

Each point is what the model would have shown on that date, using only what was known then; before its first round, a company is valued as a startup because it later raised.

Glovo: valuation by date, as the model would have shown it on each date
DateValuationRangePredicted in 1 yrPhaseHeadcountTrendGradeWinding-down probability
1 Jan 2015$3.23M$1.18M – $8.88M$3.39M (+5%)before first round–unknownD0%
1 Feb 2015$3.25M$1.18M – $8.92M$3.40M (+5%)before first round–unknownD0%
1 Mar 2015$3.26M$1.19M – $8.95M$3.41M (+5%)before first round–unknownD0%
1 Apr 2015$3.27M$1.19M – $8.99M$3.43M (+5%)before first round–unknownD0%
1 May 2015$3.28M$1.20M – $9.02M$3.44M (+5%)before first round–unknownD0%
1 Jun 2015$3.30M$1.20M – $9.06M$3.45M (+5%)before first round–unknownD0%
1 Jul 2015$3.31M$1.20M – $9.09M$3.47M (+5%)before first round–unknownD0%
1 Aug 2015$3.32M$1.21M – $9.13M$3.56M (+7%)before first round–unknownD0%
1 Sep 2015$3.34M$1.21M – $9.16M$3.65M (+10%)before first round–unknownD0%
1 Oct 2015$3.35M$1.22M – $9.20M$3.75M (+12%)before first round–unknownD0%
1 Nov 2015$3.36M$1.22M – $9.24M$3.85M (+15%)before first round–unknownD0%
25 Nov 2015$7.83M$5.14M – $23.8M$15.6M (+100%)after a round–unknownC0%
1 Dec 2015$7.92M$5.14M – $23.8M$15.6M (+97%)after a round–unknownC0%
1 Jan 2016$8.40M$5.14M – $23.8M$15.6M (+86%)after a round–unknownC0%
1 Feb 2016$8.91M$5.14M – $23.8M$15.6M (+75%)after a round–unknownC0%
1 Mar 2016$9.41M$5.14M – $23.8M$15.6M (+66%)after a round–unknownC0%
1 Apr 2016$9.98M$5.14M – $23.8M$15.6M (+57%)after a round–unknownC0%
1 May 2016$10.6M$5.14M – $23.8M$15.6M (+48%)after a round–unknownC0%
1 Jun 2016$11.2M$5.14M – $23.8M$15.6M (+39%)after a round–unknownC0%
1 Jul 2016$11.9M$5.14M – $23.8M$15.6M (+32%)after a round–unknownC0%
1 Aug 2016$12.6M$5.14M – $23.8M$15.6M (+24%)after a round–unknownC0%
12 Aug 2016$22.7M$16.0M – $58.0M$40.8M (+80%)after a round–unknownC0%
1 Sep 2016$23.5M$16.0M – $58.0M$40.8M (+74%)after a round–unknownC0%
1 Oct 2016$24.6M$16.0M – $58.0M$40.8M (+66%)after a round–unknownC0%
1 Nov 2016$25.9M$16.0M – $58.0M$40.8M (+58%)after a round–unknownC0%
1 Dec 2016$27.2M$16.0M – $58.0M$40.8M (+50%)after a round–unknownC0%
1 Jan 2017$28.6M$16.0M – $58.0M$40.8M (+43%)after a round–unknownC0%
1 Feb 2017$30.0M$16.0M – $58.0M$40.8M (+36%)after a round–unknownC0%
1 Mar 2017$31.4M$16.0M – $58.0M$40.8M (+30%)after a round–unknownC0%
1 Apr 2017$33.0M$16.0M – $58.0M$40.8M (+24%)after a round–unknownC0%
1 May 2017$34.7M$16.0M – $58.0M$40.8M (+18%)after a round–unknownC0%
1 Jun 2017$36.4M$16.0M – $58.0M$40.8M (+12%)after a round–unknownC0%
1 Jul 2017$38.2M$16.0M – $58.0M$40.8M (+7%)after a round–unknownC0%
1 Aug 2017$40.2M$16.0M – $58.0M$40.8M (+2%)after a round–unknownC0%
1 Sep 2017$40.8M$15.5M – $58.0M$40.8M (0%)after a round–unknownC0%
1 Oct 2017$40.8M$14.7M – $58.0M$40.8M (0%)after a round–unknownC0%
5 Oct 2017$135M$94.9M – $287M$202M (+50%)after a round–unknownB0%
1 Nov 2017$139M$94.9M – $287M$202M (+45%)after a round–unknownB0%
1 Dec 2017$144M$94.9M – $287M$202M (+41%)after a round–unknownB0%
1 Jan 2018$149M$94.9M – $287M$202M (+36%)after a round–unknownB0%
1 Feb 2018$154M$94.9M – $287M$202M (+31%)after a round–unknownB0%
1 Mar 2018$159M$94.9M – $287M$202M (+27%)after a round–unknownB0%
1 Apr 2018$164M$94.9M – $287M$202M (+23%)after a round–unknownB0%
1 May 2018$170M$94.9M – $287M$202M (+19%)after a round–unknownB0%
1 Jun 2018$176M$94.9M – $287M$202M (+15%)after a round–unknownB0%
1 Jul 2018$587M$413M – $1.1B$762M (+30%)after a round–unknownB0%
2 Jul 2018$587M$413M – $1.1B$762M (+30%)after a round–unknownB0%
1 Aug 2018$600M$413M – $1.1B$762M (+27%)after a round–unknownB0%
1 Sep 2018$613M$413M – $1.1B$762M (+24%)after a round–unknownB0%
1 Oct 2018$627M$413M – $1.1B$762M (+22%)after a round–unknownB0%
1 Nov 2018$641M$413M – $1.1B$762M (+19%)after a round–unknownB0%
1 Dec 2018$655M$413M – $1.1B$762M (+16%)after a round–unknownB0%
1 Jan 2019$669M$413M – $1.1B$762M (+14%)after a round–unknownB0%
1 Feb 2019$684M$413M – $1.1B$762M (+11%)after a round–unknownB0%
1 Mar 2019$698M$413M – $1.1B$762M (+9%)after a round–unknownB0%
1 Apr 2019$714M$413M – $1.1B$762M (+7%)after a round–unknownB0%
1 May 2019$1.4B$971M – $2.5B$1.8B (+30%)after a round–unknownB0%
1 Jun 2019$1.4B$971M – $2.5B$1.8B (+27%)after a round–unknownB0%
1 Jul 2019$1.4B$971M – $2.5B$1.8B (+24%)after a round–unknownB0%
1 Aug 2019$1.5B$971M – $2.5B$1.8B (+22%)after a round–unknownB0%
1 Sep 2019$1.5B$971M – $2.5B$1.8B (+19%)after a round–unknownB0%
1 Oct 2019$1.5B$971M – $2.5B$1.8B (+16%)after a round–unknownB0%
1 Nov 2019$1.6B$971M – $2.5B$1.8B (+14%)after a round–unknownB0%
1 Dec 2019$1.6B$971M – $2.5B$1.8B (+11%)after a round–unknownB0%
20 Dec 2019$1.0B$869M – $1.5B$1.3B (+30%)after a round–unknownA0%
1 Jan 2020$1.0B$869M – $1.5B$1.3B (+29%)after a round–unknownA0%
1 Feb 2020$1.0B$869M – $1.5B$1.3B (+26%)after a round–unknownA0%
1 Mar 2020$1.1B$869M – $1.5B$1.3B (+23%)after a round–unknownA0%
1 Apr 2020$1.1B$869M – $1.5B$1.3B (+21%)after a round–unknownA0%
1 May 2020$1.1B$869M – $1.5B$1.3B (+18%)after a round–unknownA0%
1 Jun 2020$1.1B$869M – $1.5B$1.3B (+15%)after a round–unknownA0%
1 Jul 2020$1.2B$869M – $1.5B$1.3B (+13%)after a round–unknownA0%
1 Aug 2020$1.2B$869M – $1.5B$1.3B (+11%)after a round–unknownA0%
1 Sep 2020$1.2B$869M – $1.5B$1.3B (+8%)after a round–unknownA0%
1 Oct 2020$1.2B$869M – $1.5B$1.3B (+6%)after a round–unknownA0%
1 Nov 2020$1.3B$869M – $1.5B$1.3B (+3%)after a round–unknownA0%
1 Dec 2020$1.3B$869M – $1.5B$1.3B (+1%)after a round–unknownA0%
1 Jan 2021$1.3B$852M – $1.5B$1.3B (0%)after a round3,200unknownA0%
1 Feb 2021$1.3B$813M – $1.5B$1.3B (0%)after a round3,200unknownB0%
1 Mar 2021$1.3B$780M – $1.5B$1.3B (0%)after a round3,200unknownB0%
1 Apr 2021$3.9B$2.8B – $7.2B$5.1B (+30%)after a round3,200flatB0%
2 Apr 2021$3.9B$2.8B – $7.2B$5.1B (+30%)after a round3,200flatB0%
1 May 2021$4.0B$2.8B – $7.2B$5.1B (+27%)after a round3,200flatB0%
1 Jun 2021$4.1B$2.8B – $7.2B$5.1B (+24%)after a round3,200flatB0%
1 Jul 2021$4.2B$2.8B – $7.2B$5.1B (+22%)after a round3,200flatB0%
1 Aug 2021$4.3B$2.8B – $7.2B$5.1B (+19%)after a round3,200flatB0%
1 Sep 2021$4.4B$2.8B – $7.2B$5.1B (+16%)after a round3,200flatB0%
1 Oct 2021$4.5B$2.8B – $7.2B$5.1B (+14%)after a round3,200flatB0%
1 Nov 2021$4.6B$2.8B – $7.2B$5.1B (+11%)after a round3,200flatB0%
1 Dec 2021$4.7B$2.8B – $7.2B$5.1B (+9%)after a round3,200flatB0%
1 Jan 2022$5.3B$3.2B – $8.3B$5.8B (+10%)after a round6,000growingB0%
1 Feb 2022$5.5B$3.2B – $8.3B$5.8B (+7%)after a round6,000growingB0%
1 Mar 2022$5.6B$3.2B – $8.3B$5.8B (+3%)after a round6,000growingB0%
1 Apr 2022$5.8B$3.2B – $8.3B$5.8B (0%)after a round6,000growingB0%
1 May 2022$5.8B$3.2B – $8.3B$5.8B (0%)after a round6,000growingB0%
1 Jun 2022$5.8B$3.2B – $8.3B$5.8B (0%)after a round6,000growingB0%
1 Jul 2022$5.8B$3.2B – $8.3B$5.8B (0%)after a round6,000growingB0%
1 Aug 2022$5.8B$3.2B – $8.3B$5.8B (0%)after a round6,000growingB0%
1 Sep 2022$5.8B$3.3B – $8.3B$5.8B (0%)after a round6,000growingB0%
1 Oct 2022$5.8B$3.3B – $8.3B$5.8B (0%)after a round6,000growingB0%
1 Nov 2022$5.8B$2.3B – $8.3B$5.8B (0%)after a round6,000unknownC0%
1 Dec 2022$5.8B$2.2B – $8.3B$5.8B (0%)after a round6,000unknownC0%
1 Jan 2023$6.5B$3.7B – $9.3B$6.5B (0%)after a round10,000growingB0%
1 Feb 2023$6.5B$3.7B – $9.3B$6.5B (0%)after a round10,000growingB0%
1 Mar 2023$6.5B$3.8B – $9.3B$6.5B (0%)after a round10,000growingB0%
1 Apr 2023$6.5B$3.8B – $9.3B$6.5B (0%)after a round10,000growingB0%
1 May 2023$6.5B$3.6B – $9.3B$6.5B (0%)after a round10,000growingB0%
1 Jun 2023$6.5B$3.6B – $9.3B$6.5B (0%)after a round10,000growingB0%
1 Jul 2023$6.5B$3.6B – $9.3B$6.5B (0%)after a round10,000growingB0%
1 Aug 2023$6.5B$1.6B – $9.3B$6.5B (0%)after a round10,000unknownC0%
1 Sep 2023$6.5B$1.5B – $9.3B$6.5B (0%)after a round10,000unknownC0%
1 Oct 2023$5.2B$1.4B – $9.0B$4.3B (-16%)after a round9,400flatC31%
1 Nov 2023$5.1B$1.3B – $9.0B$4.3B (-17%)after a round9,400flatC31%
1 Dec 2023$5.1B$1.3B – $9.0B$4.2B (-17%)after a round9,400flatC31%
1 Jan 2024$5.1B$1.2B – $9.1B$4.1B (-18%)after a round9,400flatD31%
1 Feb 2024$5.2B$1.2B – $9.2B$4.3B (-18%)after a round10,000flatD28%
1 Mar 2024$5.2B$1.1B – $9.2B$4.3B (-18%)after a round10,000flatD26%
1 Apr 2024$5.2B$1.1B – $9.3B$4.3B (-17%)after a round10,000flatD24%
1 May 2024$5.2B$1.0B – $9.2B$4.3B (-17%)after a round10,000flatD22%
1 Jun 2024$5.2B$964M – $9.1B$4.4B (-16%)after a round10,000flatD20%
1 Jul 2024$5.2B$918M – $9.1B$4.4B (-16%)after a round10,000flatD19%
1 Aug 2024$5.4B$1.5B – $9.3B$4.8B (-12%)after a round11,000upC17%
1 Sep 2024$5.5B$1.4B – $9.3B$4.9B (-11%)after a round11,000upC16%
1 Oct 2024$5.5B$1.4B – $9.3B$4.9B (-11%)after a round11,000upC15%
1 Nov 2024$5.7B$1.4B – $9.6B$5.3B (-8%)after a round12,000upC13%
1 Dec 2024$5.8B$1.3B – $9.5B$5.3B (-8%)after a round12,000upC12%
1 Jan 2025$5.8B$1.3B – $9.5B$5.4B (-7%)after a round12,000upC11%
1 Feb 2025$5.8B$1.3B – $9.5B$5.5B (-7%)after a round12,000upD10%
1 Mar 2025$5.9B$1.2B – $9.5B$5.5B (-6%)after a round12,000upD10%
1 Apr 2025$5.9B$1.0B – $9.5B$5.6B (-5%)after a round12,000upD9%
1 May 2025$5.8B$967M – $9.3B$5.5B (-6%)after a round12,000upD8%
1 Jun 2025$5.8B$934M – $9.3B$5.5B (-6%)after a round12,000upD8%
1 Jul 2025$6.1B$915M – $9.6B$5.9B (-3%)after a round12,761upD7%
1 Aug 2025$6.2B$886M – $9.7B$6.0B (-2%)after a round12,946upD6%
1 Sep 2025$6.2B$860M – $9.7B$6.1B (-2%)after a round13,215upD6%
1 Oct 2025$5.9B$831M – $9.2B$5.6B (-5%)after a round13,215upD5%
1 Nov 2025$5.0B$404M – $7.8B$4.6B (-10%)after a round9,124downD5%
1 Dec 2025$5.0B$384M – $7.8B$4.5B (-9%)after a round9,124downD5%
1 Jan 2026$4.9B$365M – $7.7B$4.5B (-8%)after a round9,124downD5%
1 Feb 2026$4.9B$347M – $7.6B$4.5B (-7%)after a round9,124downD5%
1 Mar 2026$2.0B$347M – $8.4B$2.0B (-3%)after a round9,124downD60%
1 Apr 2026$2.5B$522M – $9.4B$2.4B (-3%)after a round14,503upD55%
1 May 2026$2.7B$537M – $9.3B$2.3B (-13%)after a round14,503upD50%
1 Jun 2026$2.8B$552M – $9.2B$2.5B (-13%)after a round14,503upD46%
1 Jul 2026$3.0B$566M – $9.1B$2.6B (-12%)after a round14,503upD43%
1 Aug 2026$3.4B$585M – $9.7B$3.1B (-10%)after a round15,165upD39%
1 Sep 2026$3.6B$599M – $9.9B$3.3B (-8%)after a round15,320upD36%
1 Oct 2026$3.9B$612M – $10.0B$3.6B (-7%)after a round15,465upD33%
24 Oct 2026$3.4B$537M – $10.0B$3.2B (-7%)after a round15,465upD33%

Key facts about Glovo

Founded
2015
Headquarters
Barcelona, Spain
Employees
about 15,500 +17% in a year
Total raised
$1.04B
Funding rounds
7
Last round
Series F Apr 2021

Glovo was founded in 2015 by Oscar Pierre and Sacha Michaud.

Glovo funding history

Glovo has 7 funding rounds on record, from Nov 2015 to Apr 2021, $1.04B in total. The latest disclosed valuation is $1.00B post-money (Series E, Dec 2019).

  1. Series F 1 Apr 2021

    Led by Lugard Road Capital, Luxor Capital Group; with Delivery Hero Ventures, Drake Enterprises, GP Bullhound.

    Sources: about.glovoapp.com, information-age.com, aithority.com and 4 more

    $530M

  2. Series E 19 Dec 2019

    Led by Mubadala, Ventures Europe; with Lakestar, Drake Enterprises, Idinvest, Delivery Hero Ventures.

    Sources: agfundernews.com, venturebeat.com, about.glovoapp.com and 2 more

    $167M

    $1.00B post-money

  3. Series D 30 Apr 2019

    Led by Lakestar, Drake; with Idinvest Partners, Korelya Capital, Seaya.

    Sources: seaya.vc, business-review.eu, techcrunch.com and 3 more

    $168M

  4. Series C 1 Jul 2018

    Led by Seaya, Cathay Capital, Idinvest, GR Capital; with Rakuten, AmRest.

    Sources: startupsreal.com, finsmes.com

    $134M

  5. Series B 4 Oct 2017

    Led by Rakuten Capital, Cathay Innovation; with Seaya, Entrée Capital, Caixa Capital Risk, Bonsai Partners.

    Sources: techcrunch.com, clipperton.com, cathayinnovation.com and 2 more

    $35M

  6. Series A 11 Aug 2016

    With Caixa Capital Risk, Bonsai Venture, Entrée Capital, Seaya, Antai, TheVentureCity, cube investments, enisa, the crowd angel.

    Sources: techcrunch.com, eu-startups.com, finsmes.com

    $5.6M

  7. Seed 24 Nov 2015

    With Antai, Cube Investments.

    Sources: techcrunch.com

    $2.1M

Glovo investors

28 investors have backed Glovo; Seaya, Idinvest and Lakestar and 9 more led at least one round.

  • Idinvest lead, 2 rounds
  • Lakestar lead, 2 rounds
  • Drake lead
  • Lugard Road Capital lead
  • Luxor Capital Group lead
  • Mubadala lead
  • Rakuten Capital lead
  • Ventures Europe lead
  • Caixa Capital Risk 2 rounds
  • Cube Investments 2 rounds
  • Drake Enterprises 2 rounds
  • AmRest
  • Bonsai Venture
  • enisa
  • Idinvest Partners
  • Rakuten
  • the crowd angel

What Glovo does

Glovo works in food delivery, with 15 recorded offerings and customers in food and beverage, retail and healthcare.

Glovo is a Spanish technology company engaged in on-demand delivery and digital retail services, operating a marketplace that connects customers, businesses, and couriers. The company provides food delivery, shopping hub services, supermarket deliveries, parapharmacy, and courier services, with a focus on micro fulfillment centers and on-demand delivery. Glovo serves clients in 23 countries across Europe, Western Asia, and Africa, and is part of the Delivery Hero Group.

Description from Veridion's company data.

Products and services

  • On-Demand Delivery Services
  • Food Delivery Services
  • Retail Product Delivery Services
  • Supermarket Product Delivery Services
  • Parapharmacy Product Delivery Services
  • Courier Delivery Services
  • Marketplace Platform Development
  • Micro Fulfillment Center Solutions
  • Sustainable Packaging Retail
  • Sustainable Logistics Solutions
  • Technology Platform Distribution
  • Digital Retail Solutions
  • Supply Chain Optimization Services
  • Food Waste Reduction Solutions
  • Carbon Footprint Reduction Solutions

Markets

  • Food and Beverage
  • Retail
  • Healthcare

Business model

  • Business-to-Business
  • Business-to-Consumer
  • On-Demand

Industry codes (NAICS)

  • 492210 Local Messengers and Local Delivery 70% match
  • 541512 Computer Systems Design Services 30% match

Questions about Glovo

What is Glovo worth?

Valuation $3.4B (range $537M to $10.0B), as of 24 Oct 2026. The last disclosed valuation was $1.00B (Series E, Dec 2019).

Has Glovo raised money?

Glovo has 7 funding rounds on record, from Nov 2015 to Apr 2021, $1.04B in total. The latest disclosed valuation is $1.00B post-money (Series E, Dec 2019).

Who has invested in Glovo?

Seaya, Idinvest, Lakestar, Cathay Capital, Cathay Innovation and Drake, and 22 more. Lead investors include Seaya, Idinvest, Lakestar and Cathay Capital.

How many people work at Glovo?

About 15,500, up 17% over the last year. Headcount grew from 3,200 in Jan 2021 to 15,465 in Sep 2026.

What does Glovo do?

Glovo works in food delivery, with 15 recorded offerings and customers in food and beverage, retail and healthcare. Its main offerings are on-demand delivery services, food delivery services and retail product delivery services.

When was Glovo founded, and where is it based?

Glovo was founded in 2015 and is based in Barcelona, Spain. It has about 15,500 employees, up 17% over the last year.