Glovo raises €450m Series F

Image Credits: Glovo

GLOVO, one of the world’s leading multi-category delivery companies, is continuing its evolution, under the leadership of CEO Oscar Pierre, to become a carbon-neutral B-Corp with a dedicated social impact team. The company’s €450m ($528m) pre-IPO round, the largest round in Spanish venture history, was led by Lugard Road, Luxor Capital, and Drake Enterprises. This will support their mission to shape the booming global delivery market with their new model, an “ultra-fast” Q-Commerce division, and expanding their coverage of dark stores dedicated to Glovers. Expon participated in this round, as well as their previous Series D and E rounds.

Some press coverage:

Global VC investing in big ideas with the potential for positive impact & exponential growth