Weezy raises £14m to expand speedy grocery delivery business

Quick grocery delivery firm Weezy, which delivers items within 15 minutes of them being ordered on an app, has raised £14.6 million ($20 million) in Series A funding to expand its service across London and the UK.

Since its launch in July 2020, Weezy has delivered fresh produce and household items to thousands of customers using pedal cycles or electric mopeds, in “less than 15 minutes on average”.

The new investment was led by New York-based venture capital fund Left Lane Capital.

Also participating were UK-based fund DN Capital and earlier investors Heartcore Capital and angel investors, including Chris Muhr, the Groupon founder.

The funding will help expand the company’s London-based team by 50 employees over the next four months, in addition to extra fulfilment centre staff.

With demand for its service increasing during the pandemic, this month Weezy is opening two extra fulfilment centres in Lambeth, south London and London Fields in Hackney, north-east London.

The firm already has London fulfilment centres in Battersea, Clapham, Fulham and Chelsea.

It plans to open 40 more UK sites by the end of 2021.

Kristof Van Beveren, co-founder and chief executive of Weezy, said: “People are no longer happy to wait around for deliveries and there is strong demand for a more efficient service.

“This new funding round will allow us to expand the team and our footprint to bring Weezy to more customers across the UK.”

Harley Miller, managing partner for Left Lane Capital, said: “Weezy’s founding team have the right balance of drive, experience and temperament to lead in e-commerce innovation and convenience within the UK grocery market and beyond.

“It's an honour to partner with them on this journey and help them solidify their first-mover advantage in London.”

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