Latest Deliveroo Fundraising Values ​​Over $ 7 Billion

Latest Deliveroo Fundraising Values ​​Over $ 7 Billion

Deliveroo’s valuation soared to more than $ 7 billion in a new fundraiser, a sign of rising confidence among investors in the food delivery app ahead of its long-awaited debut on the stock market.

New private funding from one of London’s biggest internet groups is the latest illustration of investors’ frenetic appetite for high-growth companies, even as some analysts warn tech reviews are increasingly in demand .

This suggests that Deliveroo backers believe its valuation may exceed $ 7 billion in an initial public offering, which the company has for the first time publicly confirmed is in the works, after a hit list from the American delivery application DoorDash last month.

Deliveroo said on Sunday it had raised $ 180 million in new funds from existing investors, led by Durable Capital Partners and Fidelity Management, valuing the eight-year company at more than $ 7 billion, not including the new funds raised. It’s almost double 2019 …

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