Returning investors Drake Enterprises and Delivery Hero took part in a late-stage round boosting the local delivery service's valuation to a reported $2.35bn.
Spain-headquartered delivery services provider Glovo secured €450m ($529m) today in a series F round that included pizza chain franchisee Drake Enterprises and food delivery service Delivery Hero.
Hedge fund manager Luxor Capital Group co-led the round with affiliate Lugard Road Capital, and it also featured technology-focused investment adviser GP Bullhound. The cash was raised at a $2.35bn valuation, people familiar with the matter told the Wall Street Journal.
Founded in 2015, Glovo operates an app-based on-demand logistics service spanning 20…
