UK on-demand supermarket Weezy raises $20M Series A led by NYC’s Left Lane Capital – ClearTips

UK on-demand supermarket Weezy raises $20M Series A led by NYC’s Left Lane Capital – TechCrunch

Veazie – an on-demand supermarket that distributes groceries in fast times such as 15 minutes – has raised $ 20 million in Series A funding, led by New York-based venture capital fund Left Lane Capital. Also participating were UK fund DN Capital, the first investor Hartcore Capital and angel investor, notably Chris Muhr, founder of Groupon.

Although the company did not mention the subsequent US launches, the presence of US investors indicates this. Weezy reminds of Kozmo, an on-demand grocery business from the dotcom boom of the late 90s. However, it differs from Postmates in that it does not pickup.

The cash injection will be used to expand its grocery delivery service in London and the wider UK, and two fulfillment centers will be opened throughout London. Some 40 more UK sites are planned by the end of 2021 and it plans to add 50 new staff over the next 4 months.

Launched in July 2020, the Veazie uses its own delivery people on paddle bicycles or electric mopeds to deliver goods in less than 15 minutes on average. Along with working with wholesalers, it also does groceries from independent bakers, butchers and markets.

It is pushed to an open door during the epidemic. Half a million new buyers joined the grocery distribution sector in Q2 2020, now worth £ 14.3bn in the UK, according to research.

“People are no longer happy to wait for delivery, and there is a strong demand for more efficient service,” Weezi co-founder and CEO Christophe Van Bevern said in a statement.

The co-founders of Veazie are Christophe Van Bevern and Alec Dent. Van Bevern was formerly from the world of consumer goods at Procter & Gamble and McKinsey & Company, while Dent led business development operations at UK startups Drover & Blablacar.

Harley Miller, Managing Partner, Left Lane Capital, commented: “Weezy’s founding team has the right balance of drive, experience and temperament to lead in e-commerce innovation
And convenience within and beyond the UK grocery market. “

Founder and managing partner of DN Capital, Nenad Marovac, said: “Even before the epidemic, there was growing interest in online grocery shopping. The first time I ordered from Veazie, my delivery took seven minutes and I was hooked. “

Be the first to comment

Leave a Reply

Your email address will not be published.


*