Funding round
Glovo Series C
Glovo, which works in on-demand delivery services in Barcelona, raised $134M in a Series C round announced on 1 Jul 2018, led by Seaya, Cathay Capital, Idinvest and GR Capital. 6 firms took part. It is Glovo's fourth venture round on record; the one before was a Series B in Oct 2017.
$134M
Amount raised
115,000,000 EUR converted
Not disclosed
Post-money valuation
6
Investors
4 leads
Valuation
What this round says about the price
Glovo did not disclose a valuation in this round. It came 9 months after Glovo's Series B. It is 13% of the $1.04B Glovo has raised in the venture rounds on record. Glovo raised again 9 months later: a Series D round of $168M in Apr 2019. 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 11 Aug 2016 $5.6M
- Series B 4 Oct 2017, led by Rakuten Capital and Cathay Innovation $35M
- Series C this round 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
Seaya, Cathay Capital, Idinvest and GR Capital led the round with 2 other firms.
Lead investors
- backs 33 venture-backed companies
- backs 15 venture-backed companies
- Idinvest
- backs 7 venture-backed companies
Also in the round
- Rakuten
- AmRest
Comparable rounds
How it compares
The closest in time: 2 in Food delivery, then Series C rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Food delivery | 30 Mar 2019 | $15M | $100M | eWTP Ecosystem Fund |
| Food delivery | 19 Jun 2019 | $130M | not disclosed | ICONIQ Capital |
| Gusto Tech Companies | 31 Jul 2018 | $140M | $2.00B | T. Rowe Price Associates and MSD Capital |
| Gyms, Fitness & Health Centers | 30 Jul 2018 | $120M | not disclosed | IDG Ventures and Accel |
| Cable & Internet Providers | 6 Jul 2018 | $100M | not disclosed | not named |
| Payment Processing & Point of Sale | 12 Jul 2018 | $55M | not disclosed | ITOCHU Corporation |
| CARS24 Automobile Dealers & Manufacturers | 18 Jul 2018 | $50M | not disclosed | Sequoia Capital |
| Beverages & Refreshments | 31 Jul 2018 | $40M | not disclosed | CAVU Consumer Partners |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Glovo raise in its Series C round?
Glovo raised $134M in its Series C round, announced in Jul 2018.
Who led Glovo's Series C round?
Seaya, Cathay Capital, Idinvest and GR Capital led it, with Rakuten and AmRest.
What was Glovo's valuation at the Series C round?
It was not disclosed.
Did Glovo raise again after this round?
Yes: a Series D round in Apr 2019 of $168M.