How Much Did Glovo Raise?
Funding & Key Investors

Glovo, the prominent Spanish multicategory delivery platform, has successfully navigated multiple rounds of capital infusion to solidify its position as a leader in the European, Western Asian, and African logistics sectors. With a cumulative financial backing totaling $1B, the company has demonstrated a robust growth trajectory since its inception in 2014. The most recent financing event, which secured $0, underscores the continued confidence from institutional investors in the firm's ability to scale its on-demand delivery infrastructure across diverse international markets.

This capital injection serves as a critical milestone, enabling the organization to further refine its proprietary logistics technology and expand its footprint in highly competitive urban environments. By leveraging these resources, Glovo continues to bridge the gap between local businesses and consumers, maintaining a focus on operational efficiency and sustainable delivery solutions.

What is Glovo?

Glovo
TransportationFreight & Logistics ServicesMobile App Development

Founded in 2014, Glovo operates a sophisticated multicategory delivery platform that facilitates the on-demand transport of food, groceries, and various retail items. The company distinguishes itself through a mobile-first approach that connects local merchants with a vast network of delivery couriers, effectively digitizing the last-mile logistics experience. Headquartered in Spain, the firm has successfully exported its business model to numerous countries across Europe, Africa, and Asia, positioning itself as a vital component of the modern gig economy and local commerce ecosystem. Its commitment to innovative logistics solutions has allowed it to maintain a competitive edge in the rapidly evolving on-demand delivery landscape.

How much funding has Glovo raised?

Glovo has raised a total of $1B across 7 funding rounds:

2015

Private Equity

$2.1M

2016

Series A

$5.6M

2017

Series B

$35.2M

2018

Series C

$92.7M

2019

Series D

$169M

Series E

$167M

2021

Series F

$530M

Private Equity (2015): $2.1M with participation from Cube Investments and Antai Ventures

Series A (2016): $5.6M led by Antai Venture Builder, Seaya Ventures, Bonsai Capital Ventures, Entreu00e9 Capital, and Caixa Capital Risk

Series B (2017): $35.2M supported by Seaya Ventures, Caixa Capital Risk, Rakuten, Bonsai Capital Ventures, Cathay Innovation, and Entreu00e9 Capital

Series C (2018): $92.7M, investors not publicly disclosed

Series D (2019): $169M backed by Lakestar, Drake, Korelya Capital, and Idinvest Partners

Series E (2019): $167M with participation from Drake Enterprises, Idinvest Partners, Mubadala, and Lakestar

Series F (2021): $530M led by Luxor Capital Group LP

Key Investors in Glovo

Seaya Ventures

Seaya Ventures is a leading European and Latin-American venture capital firm based in Spain, investing in value-driven founders who are building global technology companies with a sustainable approach.

Caixa Capital Risk

CriteriaCaixa is a venture capital firm focused on investing in innovative startups at early stages, particularly in technology, biotechnology, and the industrial sector.

Entree Capital

Entree Capital backs founders building ambitious technology and product businesses, partnering with teams from the earliest stages through scale up.

What's next for Glovo?

Looking ahead, the strategic deployment of the latest investment will likely focus on deepening market penetration in existing regions while optimizing the unit economics of its delivery operations. As the company matures, the emphasis is expected to shift toward enhancing its technological stack—specifically in AI-driven route optimization and automated dispatch systems—to improve delivery speed and reduce operational overhead. Furthermore, the firm is well-positioned to explore new verticals within the quick-commerce space, potentially diversifying its revenue streams beyond traditional food and grocery delivery. By maintaining a disciplined approach to growth and leveraging its extensive network of global partners, Glovo is poised to sustain its momentum as a dominant force in the international logistics and delivery sector.

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Frequently Asked Questions Regarding Glovo Financial Insights

What are the most recent funding rounds that Glovo has completed, and what were the funding rounds?
Glovo has recently completed 3 funding rounds: Series F on Apr 1, 2021, Series E on Dec 19, 2019, Series D on May 1, 2019.
What is the total amount of funding Glovo has raised to date?
Glovo has raised a total of $1B in funding to date.
How many funding rounds has Glovo completed?
Glovo has completed 3 funding rounds.
How much funding did Glovo raise in its most recent funding round?
Glovo raised $530M in its most recent funding round.
Who are the lead investors in Glovo's latest funding round?
The lead investor in Glovo's latest funding round was Luxor Capital Group LP. To access investor data and explore similar companies, sign up for ZoomInfo.
Which was the largest funding round in Glovo's history?
The largest funding round in Glovo's history was $530M.
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