Returning investors Drake Enterprises and Delivery Hero took part in a late-stage round boosting the local delivery service's valuation to a reported $2.35bn.

Spain-headquartered delivery services provider Glovo secured €450m ($529m) today in a series F round that included pizza chain franchisee Drake Enterprises and food delivery service Delivery Hero. Hedge fund manager Luxor Capital Group co-led the round with affiliate Lugard Road Capital, and it also featured technology-focused investment adviser GP Bullhound. The cash was raised at…

The rest of this content is only accessible to Corporate Venturing: News, Data, and Events - Global Corporate Venturing Subscribers.

This content is only accessible to subscribers. If you are a subscriber, please sign in. Otherwise, if you would like to try before you buy and haven't previously taken out a free trial, you can do so below. You can also see details on subscriptions by clicking the Subscription Options button.