The Barcelona-based start-up which delivers everything from food, to groceries and pharmaceutical items, will use this injection of funding to bolster global growth, expand groceries offering and grow their tech team.
Founded in January 2015 by CEO and co-founder Oscar Pierre, and co-founder Sacha Michaud, Glovo have seen turbocharged growth, launching in a new city every four days on average last year.
Oscar Pierre, Co-founder and CEO of Glovo commented: “Glovo continues to scale rapidly and we have big ambitions for this round of investment. Our main priority is to invest in our people – our team has been fundamental to our success to date and as we grow we need an even bigger team of engineers to meet the demand we’re experiencing. Our aim is to lead in every market we enter and provide an on-demand experience that delivers for our customers, Glovers and partners.”
Joakim Dal, Partner at GP Bullhound, said: “We have followed Glovo for a long time and have been very impressed by the product and the growth that Oscar and his team have accomplished, with their ambition to deliver “anything, anywhere”. This is an exciting investment as Glovo uses technology to offer more convenience to time-stretched consumers, and more opportunities to their growing fleet of Glovers”.
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About GP Bullhound
GP Bullhound is a leading technology advisory and investment firm, providing transaction advice and capital to the world’s best entrepreneurs and founders. Founded in 1999, the firm today has offices in London, San Francisco, Stockholm, Berlin, Manchester, Paris, Hong Kong, Madrid and New York. For more information, please visit www.gpbullhound.com, or follow on Twitter @GPBullhound.