Latham & Watkins advises Glovo on €115m funding round
Latham & Watkins advised Barcelona-based delivery start-up Glovo on its Series C funding round that saw it raise €115 million from Idinvest and AmRest, according to Mergermarket.
Glovo’s app allows customers to order any item, which is then purchased and delivered by couriers in an hour or less. Using Glovo’s geolocation system, customers can also track their deliveries.
The start-up is in the process of expanding in Latin America, Europe and Africa, is currently established itself in 61 cities and 17 countries.
Idinvest is a private equity fund with €8 billion under management, while AmRest Holdings is a restaurant group based in Poland.