Total amount raised
$2.8 Billions
Latest funding date
08/01/2021
Location
Just Eat Takeaway has successfully raised funds through multiple rounds, with notable investors including The Baupost Group and Prime Ventures. The company, a leading global on-demand delivery platform, connects consumers with 356,000 partners across 17 countries.
Keep reading to explore the intricacies of Just Eat Takeaway's fundraising journey and the investors backing this dynamic platform.
What Is Just Eat Takeaway?
Just Eat Takeaway, founded in 2000 by Jitse Groen, operates as a leading global on-demand delivery company. The company connects consumers with restaurants and other partners, offering services in food and grocery delivery, business solutions, and courier opportunities.
Headquartered in Amsterdam, Netherlands, Just Eat Takeaway has a significant presence in 17 countries, including Canada. With over 10,001 employees, the company serves 61 million active consumers and processes 653 million orders annually.
How Much Funding Has Just Eat Takeaway Raised?
- Series A
- Amount Raised: €13M
- Date: January 2012
- Lead Investors: Prime Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand its market presence and enhance its technology platform.
- Series B
- Amount Raised: €73M
- 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: €680M
- 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: €1.1B
- 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 future acquisitions.
- Post-IPO Equity
- Amount Raised: $549M
- Date: August 2021
- Lead Investors: The Baupost Group
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing growth and expansion initiatives.
Total Amount Raised: $549M + €1.1B + €680M + €73M + €13M
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.
- Investment Focus Areas: Real estate, technology, healthcare, energy.
- Notable Investments: eBay, Facebook, Alphabet.
- Prime Ventures
- Details: Prime Ventures is a venture capital firm based in Amsterdam, Netherlands. It focuses on investing in European growth companies.
- Investment Focus Areas: Technology, consumer internet, software, fintech.
- Notable Investments: Takeaway.com, Mendix, Greetz.
What's Next for Just Eat Takeaway?
Just Eat Takeaway is poised for significant growth, leveraging the €1.1 billion raised through convertible bonds to strengthen its balance sheet and seize strategic opportunities. The acquisition of GrubHub, valued at $7.3 billion, is set to expand its market presence, making it one of the largest online food delivery companies outside China. Additionally, the company is eyeing potential funding requirements for its stake in the Brazilian food delivery company iFood.
Future fundraising opportunities are likely as Just Eat Takeaway continues to explore strategic acquisitions and investments. The company’s financial flexibility positions it well to capitalize on the booming delivery sector, driven by increased demand due to the Covid-19 pandemic. However, challenges such as integrating GrubHub and maintaining growth momentum post-pandemic could pose hurdles. The timing of the sale and monetization of its stake in iFood remains uncertain, adding another layer of complexity to its growth strategy.
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