Rakuten helps deliver series B for Glovo

Oct 5, 2017 • Robert Lavine

On-demand delivery platform Glovo has confirmed a $35.2m series B round co-led by Rakuten Capital that took its total funding to approximately $43m.

Spain-based last-mile delivery service Glovo confirmed yesterday it has raised €30m ($35.2m) in a series B round co-led by Rakuten Capital, the corporate venturing subsidiary of e-commerce firm Rakuten, TechCrunch reported.

The round was co-led by venture capital fund Cathay Innovation and also featured Caixa Capital Risc, the VC arm of financial service firm La Caixa, as well as VC firm Bonsai Venture Capital and VC funds Seaya Ventures and Entreé Capital.

Glovo uses a network of local couriers it…

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