Currently there are more than 20,000
restaurants that use Deliverect
to route incoming orders from third-party platforms directly to the kitchen. It
allows restaurants to ditch individual tablets for each aggregator and
eliminates the need for workers to manually enter those orders.
processed an average of 1.5 million orders a week in 2021, an increase of 300%
year over year as more restaurant traffic goes digital. It's currently in
use in 40 markets worldwide. Deliverect will use the funding to improve its
technology as well as get into new industries including grocery and convenience
stores as they quickly adopt delivery. It's also launching its own app store.
The last round of funding was led by
Coatue and Alkeon Capital. Coatue noted the multiple forces driving the
restaurant tech market, including changing consumer habits, the growth of
delivery networks and the rise of all-digital ghost kitchens and virtual
"We believe Deliverect is capitalizing on these
trends with its goal to become a category leader with a mission to empower
restaurants globally," said Sebastian Duesterhoeft, general partner
at Coatue, in a statement.
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