What is Deliverect?
Founded in 2018, Deliverect provides a sophisticated software-as-a-service platform designed to streamline the operational complexities of modern food service. The company specializes in integrating disparate online ordering channels—such as third-party delivery apps—directly into a restaurant's existing point-of-sale (POS) infrastructure. This seamless synchronization eliminates manual order entry, reduces human error, and optimizes front-of-house and back-of-house workflows.
By offering a centralized dashboard for menu management, inventory tracking, and real-time analytics, Deliverect empowers restaurants to manage high-volume digital orders with increased efficiency. Its market position is characterized by its ability to serve both independent eateries and large-scale enterprise chains, making it an essential component of the digital transformation currently reshaping the global restaurant landscape.
How much funding has Deliverect raised?
Deliverect has raised a total of $251M across 5 funding rounds:
Series A
$3.7M
Series E
$13.1M
Series B
$19.2M
Series C
$65M
Series D
$150M
Series A (2019): $3.7M with participation from Newion
Series E (2020): $13.1M led by OMERS Ventures
Series B (2020): $19.2M supported by OMERS Ventures, Newion Investments B.V, and SmartFin
Series C (2021): $65M featuring OMERS Ventures, Newion Investments, DST Global Partners, SmartFin, and Redpoint Ventures
Series D (2022): $150M backed by Alkeon Capital Management and Coatue
Key Investors in Deliverect
Alkeon Capital Management
Alkeon Capital Management is a prominent investment management firm that focuses on identifying and supporting high-growth technology companies through strategic capital allocation.
Coatue
Coatue is a global technology-focused investment firm that manages hedge funds and private equity vehicles, specializing in scaling disruptive software and internet-based businesses.
OMERS Ventures
OMERS Ventures is the venture capital arm of one of Canada's largest pension funds, providing long-term financial support to innovative companies across the technology landscape.
What's next for Deliverect?
With the recent infusion of capital, Deliverect is well-positioned to accelerate its product development roadmap and deepen its market penetration. The strategic focus will likely center on enhancing its suite of omnichannel management tools, potentially incorporating advanced AI-driven insights for inventory optimization and demand forecasting. As the food service industry continues to prioritize digital agility, Deliverect's ability to provide a unified operational backbone will be instrumental in maintaining its competitive advantage.
Furthermore, the company is expected to leverage its robust financial standing to explore new geographic territories and potentially pursue strategic acquisitions that complement its existing software ecosystem. By maintaining its focus on scalable, enterprise-grade solutions, Deliverect is poised to remain a dominant force in the restaurant technology sector, driving further innovation in how food service businesses interact with their digital customers.
