Total amount raised
$2.8 Billion
Latest funding date
08/01/2021
Location
Just Eat Takeaway has successfully raised funds over five rounds, with the latest being a Post-IPO Equity round. The company is backed by four investors, including The Baupost Group and Prime Ventures.
Keep reading to explore the intricacies of Just Eat Takeaway's fundraising journey and the investors supporting this global on-demand delivery platform.
What Is Just Eat Takeaway?
Just Eat Takeaway is a prominent player in the on-demand delivery industry, connecting consumers with a vast network of 362,000 partners across 16 countries. The company offers a range of services, including food and grocery delivery, and operates as a marketplace for restaurants and consumers.
Founded in 2000, Just Eat Takeaway is headquartered in Amsterdam, The Netherlands, and has a significant presence in Toronto, Ontario, Canada. The company boasts a large workforce, with over 10,001 employees dedicated to its mission of providing seamless delivery services.
How Much Funding Has Just Eat Takeaway Raised?
- Series A
- Amount Raised: USD 13,000,000
- Date: January 2012
- Lead Investors: Prime Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and enhance technological infrastructure.
- Series B
- Amount Raised: USD 73,000,000
- Date: April 2014
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enter new markets.
- Post-IPO Equity
- Amount Raised: USD 680,000,000
- Date: January 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fund strategic acquisitions and enhance service offerings.
- Post-IPO Debt
- Amount Raised: USD 1,100,000,000
- Date: February 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To strengthen the balance sheet and prepare for strategic opportunities, including potential acquisitions.
- Post-IPO Equity
- Amount Raised: USD 549,000,000
- Date: August 2021
- Lead Investors: The Baupost Group
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing growth and operational needs.
Total Amount Raised: USD 2,415,000,000. Current Valuation: Not publicly disclosed.
Key Investors
- The Baupost Group
- Details: The Baupost Group is a Boston-based investment management firm founded in 1982 by Seth Klarman. It is known for its value-oriented investment strategy and long-term focus.
- Investment Focus Areas: Real estate, technology, healthcare.
- Notable Investments: eBay, Alphabet, Facebook.
- Prime Ventures
- Details: Prime Ventures is a venture capital firm based in Amsterdam, focusing on investing in European growth-stage technology companies. It was founded in 1999 and has a strong track record in scaling businesses.
- Investment Focus Areas: Software, fintech, e-commerce.
- Notable Investments: Takeaway.com, Mendix, GlobalCollect.
What's Next for Just Eat Takeaway?
Just Eat Takeaway stands at the cusp of significant opportunities, bolstered by its recent €1.1 billion convertible bonds offering. This financial move provides the company with the flexibility to pursue strategic acquisitions and strengthen its market position. The acquisition of GrubHub, valued at $7.3 billion, is set to create the world's largest online food delivery company outside of China, highlighting the immense growth potential.
Future fundraising efforts are likely to focus on further consolidating its market presence and exploring new ventures. However, the company faces challenges such as integrating GrubHub and navigating the competitive landscape. The timing of monetizing its stake in iFood remains uncertain, adding another layer of complexity to its strategic plans.
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