Bridgepoint leads a $275m series E funding round in Deliveroo.

Private equity firm Bridgepoint completed a $275m investment in food delivery service provider Deliveroo. The Series E funding round also saw investment from private equity firms General Catalyst, DST Global, Greenoaks Capital, and NGP Capital. The new funds will be used to expand the service in both new and existing markets, as well as provide further investment in projects such as RooBox, a remote kitchen initiative. “After seeing strong growth in the markets we launched in November, our new focus is to drive further innovation in food delivery. In particular, I’m excited about exploring completely new ways to solve the hardest problems restaurants face when offering delivery. We’re proud and honoured to have the support of Bridgepoint, DST Global and General Catalyst in this endeavour,” Will Shu, Deliveroo Founder and CEO.