Glovo is a technology company.
Glovo has raised $203.0M across 5 funding rounds.
Key people at Glovo.
Glovo has raised $203.0M in total across 5 funding rounds.
Key people at Glovo.
Glovo is a Barcelona-based technology company that operates a multi-category on-demand delivery platform, connecting users with local restaurants, grocery stores, pharmacies, and retail shops to deliver anything in their city quickly and conveniently[1][4]. Its core product is a mobile app that serves millions of customers across 23+ countries, offering real-time order tracking, a subscription service (Glovo Prime), and a growing digital community focused on food and local commerce[1][4]. Glovo solves the urban convenience problem by enabling fast, reliable delivery of a wide range of products, leveraging a network of couriers ("glovers") and local partners. The company has demonstrated strong growth momentum, expanding to over 1,300 cities with millions of active users and generating billions in gross transaction value annually[4].
Glovo was founded in 2014 by Oscar Pierre and Sacha Michaud, who launched operations in 2015 after securing initial funding and refining the business model inspired by American on-demand delivery services like Postmates[2][3]. The idea emerged from Pierre’s experience studying in the U.S. and recognizing the opportunity to bring quick commerce to European cities. Early traction included rapid expansion within Spain and Italy, strategic partnerships such as an exclusive delivery deal with McDonald's, and successive funding rounds that propelled Glovo to unicorn status by 2019 with a valuation exceeding $1 billion[2][3].
Glovo rides the global trend of quick commerce and urban on-demand delivery, a sector accelerated by consumer demand for convenience and digital transformation in retail[3][4]. The timing is favorable due to increasing smartphone penetration, urbanization, and changing consumer habits favoring fast, contactless delivery. Glovo’s expansion into multiple countries and integration with Delivery Hero (acquired in 2022) positions it as a key player shaping the quick commerce ecosystem across Europe, Central Asia, and Africa[2][4]. Its model influences the broader logistics and retail sectors by pushing innovations in last-mile delivery, dark store logistics, and community engagement.
Glovo’s future likely involves deepening its quick commerce capabilities, expanding its dark store network, and enhancing its community and sustainability initiatives[1][3][8]. Trends such as AI-driven logistics optimization, growing demand for sustainable delivery, and integration with retail partners will shape its journey. As part of Delivery Hero, Glovo may leverage synergies to scale further globally and innovate in delivery technology. Its influence is expected to grow as it continues to redefine urban convenience and supports local economies while addressing environmental and social challenges.
This trajectory ties back to Glovo’s founding mission: to make everything in the city accessible to everyone, combining technology, community, and sustainability to transform urban living.
Glovo has raised $203.0M in total across 5 funding rounds.
Glovo's investors include 2048 Ventures, Accel, Brainchild, Entrée Capital Ventures, FJ Labs, Founder Collective, Marketplace Capital, QueensBridge Venture Partners, Seaya Ventures, Sound Ventures, TCV, Teamworthy Ventures.
Glovo has raised $203.0M across 5 funding rounds. Most recently, it raised $130.0M Series C in July 2018.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jul 1, 2018 | $130.0M Series C | 2048 Ventures, Accel, Brainchild, Entrée Capital Ventures, FJ Labs, Founder Collective, Marketplace Capital, QueensBridge Venture Partners, Seaya Ventures, Sound Ventures, TCV, Teamworthy Ventures, The Finger Group, TheVentureCity, Wellington Management, Arie Abecassis, Eli Manning, Rob Glaser, Shane Battier | |
| Oct 1, 2017 | $30.0M Series B | Cathay Innovation | |
| Sep 1, 2017 | $35.0M Series B | Seaya Ventures, TheVentureCity | |
| Aug 1, 2016 | $6.0M Series A | Headline (formerly e.ventures), Seaya Ventures, TheVentureCity | |
| Nov 1, 2015 | $2.0M Seed | Headline (formerly e.ventures) |
