What is Glovo?
Founded in 2014, Glovo operates a sophisticated multicategory delivery platform that serves as a critical bridge between local merchants and consumers. The company specializes in the transportation and freight of a wide array of goods, including groceries, food, and retail items, through its proprietary mobile application. By maintaining operations across Europe, Western Asia, and Africa, Glovo has established a significant footprint in the global gig economy. The firm distinguishes itself through a commitment to innovative logistics and sustainable community impact, positioning itself as a vital component of the modern digital ecosystem.
How much funding has Glovo raised?
Glovo has raised a total of $1B across 7 funding rounds:
Private Equity
$2.1M
Series A
$5.6M
Series B
$35.2M
Series C
$92.7M
Series D
$169M
Series E
$167M
Series F
$530M
Private Equity (2015): $2.1M with participation from Antai Ventures and Cube Investments
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 Caixa Capital Risk, Entreu00e9 Capital, Cathay Innovation, Rakuten, Bonsai Capital Ventures, and Seaya Ventures
Series C (2018): $92.7M, investors not publicly disclosed
Series D (2019): $169M backed by Drake, Lakestar, Idinvest Partners, and Korelya Capital
Series E (2019): $167M with participation from Mubadala, Drake Enterprises, Lakestar, and Idinvest Partners
Series F (2021): $530M led by Luxor Capital Group LP
Key Investors in Glovo
Seaya Ventures
A leading European and Latin-American venture capital firm that invests in value-driven founders building global technology companies with a sustainable approach.
Lakestar
A venture capital firm dedicated to partnering with visionary tech entrepreneurs to fund innovative ideas in sectors such as Deep Tech, Fintech, and Digitalisation.
Idinvest Partners
A mid-market private equity firm based in Paris that finances and supports entrepreneurs across various stages of their business development.
What's next for Glovo?
Following this major enterprise-level funding, Glovo is well-positioned to accelerate its operational efficiency and expand its market share in high-growth regions. The strategic focus will likely shift toward deepening its technological moat, enhancing its delivery speed, and diversifying its product offerings to maintain a competitive edge in the crowded on-demand delivery space. As the company matures, the emphasis on sustainable logistics and long-term profitability will remain central to its growth strategy, supported by the continued guidance of its seasoned investor base.
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