Coatue and Alkeon led a $150m Series D round in Deliverect.

Coatue, a global investment manager, and Alkeon, a privately owned registered investment adviser, led a $150m Series D round in Deliverect, a company which integrates online orders from food delivery channels into restaurants’ POS to improve their operational flow, with participation from OMERS Ventures, DST Global, Redpoint Ventures, Newion and Smartfin. "As digitization becomes more and more popular, we've seen how much not only restaurants but grocery and convenience stores need streamlined online ordering to meet customer satisfaction, especially among Millennials and Generation Z shoppers. This funding will advance our efforts to serve everyone in the hospitality community through our App Store and beyond. We're thrilled for Deliverect's next phase as the leader in online order automation, especially as so many people prefer the convenience of ready-to-eat food delivery today," Zhong Xu, Deliverect Co-founder and CEO.