Deliveroo raises $385M in new funding, now valued at over $2 Billion

Deliveroo, the London headquartered restaurant food delivery startup, has raised $385 million in new sources of funding, dedicating it a valuation of “over$ 2 billion, ” according to the company.

The Series F round is led by U.S. money directors T. Rowe Price, and Fidelity — who have previously backed the likes of Facebook, AirBnB and Tesla — with existing investors DST Global, General Catalyst, Index Ventures, and Accel Partners also following on. Total funding for the European unicorn now sits at $860 million.

The new capital will be used by Deliveroo to invest in three aspects of its business