Company:Deliverect

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Deliverect
TypePrivate
Industry
Founded2018; 6 years ago (2018) in Ghent, Belgium
Headquarters
Ghent, Belgium
Area served
Worldwide
Key people
  • Zhong Xu
  • Jan Hollez
  • Jelte Vrijhoef
  • Jérôme Laredo
Number of employees
476
Websitedeliverect.com

Deliverect is a Belgium based B2B Software as a Service (SaaS) company that creates digital ordering and delivery software for restaurants[1]. The company's platform integrates orders from online food delivery platforms with a restaurant's existing point-of-sale (POS) system to allow restaurant's to accept orders from multiple channels. The technology employs a combination of APIs and cloud-based infrastructure.

History

Deliverect was founded in 2018 by Jan Hollez, Zhong Xu, Jelte Vrijhoef, and Jerome Laredo. The company's first product was software that consolidated orders from food delivery platforms into a single view.

As of August 2023, Deliverect has developed over 400 integrations ranging from point-of-sale systems[2], menu and inventory management, q-commerce, fulfillment and delivery platform solutions. These include Toast[3], Square, Uber Eats, DoorDash and Grubhub[4].

The company has raised funds from Redpoint Ventures[5], OMERS Ventures[6], Coatue Management, DST Global, SmartFin Capital, Newion Investments[7] and private investors.

In January 2022, Deliverect completed it's series D funding round with a valuation over 1 billion dollars[8][9].

In January 2023, Tesco brand One Stop announced it would be expanding its online delivery using Deliverect software.[10][11]

On May 10th, 2023, Deliverect announced that it had acquired ChatFood[12][13], a software solution focused in social media ordering, order and pay at table, and loyalty.

References

  1. ↑ Sep. 27, Joe Guszkowski on; 2021. "Tech roundup: New POS systems want to do it all for restaurants" (in en). https://restaurantbusinessonline.com/technology/tech-roundup-new-pos-systems-want-do-it-all-restaurants. 
  2. ↑ "Brink POS, Deliverect integration aims to ease online order management" (in en). 2021-04-01. https://www.qsrweb.com/news/brink-pos-deliverect-integration-aims-to-ease-online-order-management/. 
  3. ↑ "Deliverect integrates with Toast" (in en). 2023-01-20. https://www.qsrweb.com/news/deliverect-integrates-with-toast/. 
  4. ↑ "Grubhub teams with Deliverect, integrates delivery orders into POS systems" (in en-US). https://www.restaurantdive.com/news/grubhub-teams-with-deliverect-integrates-delivery-orders-into-restaurants/610409/. 
  5. ↑ Burroughs, Callum. "We got an exclusive look at the pitch deck delivery payments startup Deliverect used to raise $65 million" (in en-US). https://www.businessinsider.com/deliverect-belgian-payments-startup-raises-65m-series-c-from-dst-2021-4. 
  6. ↑ "OMERS Ventures reinvests in Deliverect as part of $150 million USD Series D round | BetaKit" (in en-CA). 2022-01-25. https://betakit.com/omers-ventures-reinvests-in-deliverect-as-part-of-150-million-usd-series-d-round/. 
  7. ↑ "Deliverect, the ‘Adyen of food delivery services’ raises €3M of fresh funding and wants to transform the restaurant industry | Silicon Canals" (in en-US). 2019-04-02. https://siliconcanals.com/news/startups/deliverect-the-adyen-of-food-delivery-services-raises-e3m-of-fresh-funding-and-wants-to-transform-the-restaurant-industry/. 
  8. ↑ Lunden, Ingrid (2022-01-24). "Deliverect raises $150M at a $1.4B+ valuation to streamline online and offline food orders" (in en-US). https://techcrunch.com/2022/01/24/deliverect-raises-150m-at-a-1-4b-valuation-to-streamline-online-and-offline-food-orders/. 
  9. ↑ "Deliverect Seeks $1.4 Billion Valuation in Funding Round" (in en). Bloomberg.com. 2022-01-21. https://www.bloomberg.com/news/articles/2022-01-21/deliverect-said-to-seek-1-4-billion-valuation-in-funding-round. 
  10. ↑ "Retailer to introduce self-service check-outs, home delivery & reduced delivery times" (in en-GB). 2023-01-24. https://uk.news.yahoo.com/retailer-introduce-self-check-outs-100000906.html. 
  11. ↑ Leader2022-11-10T11:17:00+00:00, Alice. "One Stop to double online range with new home delivery tech" (in en). https://www.thegrocer.co.uk/convenience/one-stop-to-double-online-range-with-new-home-delivery-tech/673331.article. 
  12. ↑ "Deliverect acquires ChatFood, offers dine-in ordering" (in en-US). https://www.restaurantdive.com/news/deliverect-acquires-chatfood-for-dine-in-ordering/649899/. 
  13. ↑ "Deliverect acquires ChatFood expanding its digital food ordering solutions offering to include social media and QR ordering" (in en-GB). 2023-05-10. https://tech.eu/2023/05/10/deliverect-acquires-chatfood-expanding-its-digital-food-ordering-solutions-offering-to-include-social-media-and-qr-ordering/. 



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