Funding round
Glovo Series A
Glovo, which works in on-demand delivery services in Barcelona, raised $5.6M in a Series A round announced on 11 Aug 2016. 9 firms took part. It is Glovo's second venture round on record; the one before was a Seed in Nov 2015.
$5.6M
Amount raised
5,000,000 EUR converted
Not disclosed
Post-money valuation
9
Investors
no lead named
Valuation
What this round says about the price
Glovo did not disclose a valuation in this round. It came 9 months after Glovo's Seed. It is under 1% of the $1.04B Glovo has raised in the venture rounds on record. Glovo raised again 14 months later: a Series B round of $35M in Oct 2017. Its next priced round, a Series E in Dec 2019, valued it at $1.00B.
Glovo's funding rounds
Glovo has 7 venture rounds on record. This one is highlighted.
- Seed 24 Nov 2015 $2.1M
- Series A this round 11 Aug 2016 $5.6M
- Series B 4 Oct 2017, led by Rakuten Capital and Cathay Innovation $35M
- Series C 1 Jul 2018, led by Seaya, Cathay Capital and Idinvest $134M
- Series D 30 Apr 2019, led by Lakestar and Drake $168M
- Series E 19 Dec 2019, led by Mubadala and Ventures Europe $167M$1.00B post-money
- Series F 1 Apr 2021, led by Lugard Road Capital and Luxor Capital Group $530M
Investors
Who put money in
9 firms took part; no lead investor was named.
Investors
- Caixa Capital Risk new investor
- Bonsai Venture new investor
- backs 80 venture-backed companies new investor
- backs 33 venture-backed companies new investor
- backs 3 venture-backed companies new investor
- backs 21 venture-backed companies new investor
- cube investments new investor
- enisa new investor
- the crowd angel new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, scaling operations and working capital.
- Product development
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: 1 in Food delivery, then Series A rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Food delivery | 15 Feb 2017 | $15M | not disclosed | Comcast Ventures |
| Home Health Care | 9 Aug 2016 | $40M | not disclosed | not named |
| Tech Companies | 11 Aug 2016 | $22M | not disclosed | Insight Partners |
| Innovaccer Tech Companies | 10 Aug 2016 | $16M | not disclosed | Westbridge Capital Partners |
| Insurance - Agents, Carriers & Brokers | 3 Aug 2016 | $15M | not disclosed | not named |
| Tech Companies | 2 Aug 2016 | $13M | not disclosed | Sandaire |
| Travel Agencies | 3 Aug 2016 | $12M | not disclosed | not named |
| Tech Companies | 8 Aug 2016 | $12M | not disclosed | SV Health Investors |
Sources
Where this comes from
Reported by 3 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Glovo raise in its Series A round?
Glovo raised $5.6M in its Series A round, announced in Aug 2016.
Which investors took part in Glovo's Series A round?
Caixa Capital Risk, Bonsai Venture, Entrée Capital, Seaya, Antai and TheVentureCity and 3 more.
What was Glovo's valuation at the Series A round?
It was not disclosed.
Did Glovo raise again after this round?
Yes: a Series B round in Oct 2017 of $35M.