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Italian Food Tech Startup Deliveritsto Nabs €7 million

Deliveristo the leading Italian online marketplace for restaurateurs and chefs, has raised €7 million of fresh funding. The round, led by Vertis Venture 5 Scaleup, saw the participation of United Ventures, Azimut SGR and Italian Angels for Growth, among others. The company raised 13.6 million to date.

The capital will support this foodtech startup’s growth path aiming to consolidate its leadership position in the Italian market, expand in Europe, and launch new services for customers and suppliers, including data-driven marketing and financial services related to payment management. CEO & Co-founder Ivan Aimo quoted “As we continue our journey, we realize how much this sector still needs digitization and innovation. The goal of this round is to offer more and better services to suppliers and restaurateurs, to validate the model in other countries and to prepare the company for a significant round of expansion, on which we will start working right away.”

The foodservice industry represents a huge opportunity for companies like Deliveristo, which are innovating their supply chains and digitizing their procurement processes. In fact, the total spending on food products for the sector accounts for about 30 percent of the total market exceeding €24 billion in Italy and €155 billion in Europe, as reported by Deloitte.

The Company

Deliveristo was launched in 2019 by Ivan Aimo, Luca Calia and Gabriele Angeleri. The online marketplace connects restaurant owners and suppliers. Through a web platform and the new App, chefs and restaurateurs have access to a steadily growing catalog of fresh and dry food products, which now has more than 60 thousand quality products from more than 350 suppliers throughout Italy. With Deliveristo, players in the foodservice industry have access to an extensive food & beverage marketplace and can quickly select their order and have it delivered. Suppliers, which include both manufacturers and distributors, can increase their visibility and boost their business by selling their products to the platform's members, including chefs, restaurants, stores, dark, ghost or cloud kitchens. With a lean, unique and very scalable business model the software-based startup offers very flexible logistics management, drop-shipping and a single purchasing and billing center for the customer.

“Deliveristo also has a positive impact in terms of sustainability through reduced waste in the kitchen, increased supply chain transparency, and reduced CO2 emissions related to the transportation," commented Alessandro Pontari, Investment Director at Vertis.

"We are thrilled to be able to continue supporting Deliveristo, having led the previous Round A. The team has proven its value and the business model implemented has proven to be resilient and very scalable in a segment, B2B in food, with great potential but still not very digitized. The excellent results achieved have confirmed our expectations and we are confident in the growth path of the company." commented Sara Lovato, investment manager at United Ventures.

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