An Italian food delivery platform connecting restaurant owners and suppliers, Deliveristo, has grabbed €7 million funding. With this round, the total funding raised by the company accounts for €5.6 million.
Growth plans in Europe
The investment round was led by Vertis, an Italian venture capital and private equity firm, through the “Vertis Venture 5 Scaleup” fund. The round saw participation from United Ventures SGR, through “United Ventures II” fund that led Deliveristo’s €4,5 million Series A round in December 2020. Other investors include Azimut Libera Impresa SGR, through “Azimut Digitech Fund” fund (that backed Buddyfit, Italian Angels for Growth (IAG), Gellify Digital Investments, Doorway and a slew of business angels.
The funds will be used to support its consolidation in the Italian market, expansion in Europe and launch new services, from data driven marketing to payments services aimed at customers and suppliers.
Currently, Deliveristo‘s customer base is located in cities, including Milan, Turin, Rome, Bologna and Florence and its suppliers are all over Italy.
“We are pleased to welcome Vertis SGR, Azimut Digitech Fund and other new investors, as well as grateful to United Ventures and previous investors for continuing to support what we are building. As we continue our journey, we realise how much this sector still needs digitisation and innovation. The goal of this round is to offer more and more services to suppliers and restaurateurs, to validate the model in other countries and to make the company ready for a significant round of expansion, on which we will start working right away,” commented Ivan Aimo, CEO & Co-Founder of Deliveristo.
“Being a “pure software marketplace”, Deliveristo has a lean cost structure and scalable business model. Its experienced team has proven its execution capacity and has achieved excellent results. Deliveristo has a positive impact in terms of sustainability, bringing reduction of food waste, greater transparency in the supply chain and lower CO2 emissions related to transport,” commented Alessandro Pontari, Investment Director of Vertis.
“We are thrilled to continue to support Deliveristo, after leading the previous series A round. The team has demonstrated its value and capability and the business model has proven to be resilient and very scalable in the B2B food delivery market, with great potential but still not fully digitalised. The excellent results achieved confirmed our expectations and we are confident in the company’s growth path”, commented Sara Lovato, Investment Manager of United Ventures.
Digitises foodtech supply chain
Deliveristo was founded in 2019 by Ivan Aimo, Luca Calia and Gabriele Angeleri in Milan. It digitises the current supply of restaurateurs and chefs with its platform that puts them in direct contact with suppliers in an easy, fast and efficient way.
The B2B foodtech marketplace for Ho.Re.Ca. operators lets chefs and restaurateurs access to a constantly growing catalogue of fresh and dried food products via its app. It counts over 60.000 quality items from over 350 suppliers all over Italy.
With Deliveristo, Ho.Re.Ca. operators can access this wide and diversified catalogue, which also includes artisanal and local products, quickly and easily, select what they want and receive the products directly in their bar or restaurant. At the same time, suppliers, which include both producers and distributors, can increase visibility and turnover by selling products to over 1,300 subscribers of the platform, including chefs, restaurants, shops and the new delivery-only businesses suchb as dark, ghost or cloud kitchens.
Its unique business model is based on drop-shipping, in which the products are shipped directly from the supplier to the shop. It offers a centralised point of purchase and billing for the Ho.Re.Ca. customers.