Silicon Canals
TRENDING
  • Mobility
  • AI
  • FinTech
  • Software & SaaS
No Result
View All Result
  • Home
  • News
    • COVID-19
    • Startups
    • Scaleups
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
  • Features
    • Promoted content
    • How-to
    • Knowledge & Insights
    • Guest Contributions
    • Scaling-up in Europe
  • Amsterdampartner
  • Events
  • Newsletter
  • Jobs
  • About
    • Partner with Silicon Canals
    • Team
    • Contact
  • Home
  • News
    • COVID-19
    • Startups
    • Scaleups
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
  • Features
    • Promoted content
    • How-to
    • Knowledge & Insights
    • Guest Contributions
    • Scaling-up in Europe
  • Amsterdampartner
  • Events
  • Newsletter
  • Jobs
  • About
    • Partner with Silicon Canals
    • Team
    • Contact
No Result
View All Result
Silicon Canals
No Result
View All Result

Newly minted unicorn Deliveroo acquires Scottish software firm Cultivate to improve payment experience

Editorial team by Editorial team
August 1, 2019
in Startups, Lifestyle, News, Software & SaaS
0
Newly minted unicorn Deliveroo acquires Scottish software firm Cultivate to improve payment experience
29
SHARES
LinkedInTwitterWhatsAppFacebook

In a recent development, Deliveroo, an online food delivery platform, has acquired Edinburgh-based software design, and development firm Cultivate for an undisclosed amount. Consequently, Deliveroo also creates a tech hub in Edinburgh, which is the company’s first UK tech office outside of its London HQ.

For the uninitiated, Cultivate is specialised in delivering custom software applications, user experience, visual design, and business strategy to clients across the UK and internationally.

 - Partner content -
Cost of software - The Software house
The cost of building software
Marek Gajda, CTO of The Software House, shares his insights on building high-quality...Show More
Marek Gajda, CTO of The Software House, shares his insights on building high-quality software. Show Less
Read more

Why this acquisition?

The premise of acquisition is to improve the payment experience, data, and planning, financial support for both riders and restaurants alike.

Through this acquisition, both the companies will develop new ways to improve payment processes to the riders and restaurants. They are also planning to build on Deliveroo’s ‘Cash Out’ feature, which allows riders to access their earnings immediately.

Secondly, the British unicorn will provide more information about their earning to both riders and restaurants, so they can both better manage their finances.

Thirdly, the London-based online delivery platform, and Cultivate will be working to develop new ways to offer financial support.

Deliveroo – Headsup!

Based out of London, Deliveroo is an online food delivery platform that allows users to order food from local restaurants.Founded by Greg Orlowski and William Shu in 2012, the company is on a mission to transform the way the world thinks about food delivery.

The company is headquartered in London, with 2,500 employees in offices around the globe. Moreover, it operates in over 500 towns and cities across 14 markets. Notably, Deliveroo has raised a total of €1.3B in funding over 8 rounds. Their latest funding was raised on May 17, 2019, from a Series G round.

Commenting on the deal, Deliveroo VP of Engineering Dan Winn said:

As a British company, Deliveroo is proud to be investing in Edinburgh and creating more high skilled jobs in the UK. Edinburgh is one of the UK’s fastest-growing tech hubs, with access to an excellent talent pool of highly skilled people and university graduates. Deliveroo is committed to offering riders flexible, well-paid work and helping restaurants to grow their businesses. Building on Cultivate’s expertise, we are excited to create new products and services that will help us achieve this.

In addition to it, the food delivery platform will continue to back the community initiatives that Cultivate already supports, including Prewired, which helps young people learn to code, and codebar, who support underrepresented groups develop software engineering skills.

Expanding workforce!

In addition to the new office, the UK’s tech unicorn will initially double the headcount in the next 12 months in Edinburgh and is aiming to house 50 highly-skilled tech jobs in the new Scottish office within three years, more than trebling the current workforce.

Furthermore, Deliveroo’s new tech hub will be made up of engineers, product managers, user researchers, designers, and data scientists and will grow in the years to come.

Stay tuned to Silicon Canals for more updates in the tech startup world.

EIT Digital Conference 2019: These 5 innovative tech startups are coming to Brussels in September

close

Want to stay on top of the latest rounds, coolest tech and hottest startups?

Subscribe to our free, daily news blast and stay up-to-date!

Check your inbox or spam folder to confirm your subscription.

 - Partner content -
Nebula CTO Andre Witte
Cloud spend management 😱
Tracking cloud spend can be tricky. Learn from Nebula's CTO Andre Witte how to keep the...Show More
Tracking cloud spend can be tricky. Learn from Nebula's CTO Andre Witte how to keep the costs at bay in 2021. Show Less
Read more
Tags: acquisitionlondonstartups
Share1Tweet4SendShare19

Featured events

07apr10:0012:30FeaturedWorkshop: pr for startupsHow to grow your startup with the help of public relations

Partner content | Work with us

Blue Tulip Awards announce 5 finalists in the Food & Water and Education & Employment theme

Impact media foundation 5 Media offers grants up to €100,000 per year to drive a sustainable future

Here’s how cryptocurrency will take over the world

Blue Tulip Awards is driven by purpose: why innovation and equality go hand in hand

Future of coding: CTOs discuss low-code versus custom code software development for their business

Breaking news from Amsterdam | Partner

Here’s why Just Eat Takeaway is expanding its offices in Amsterdam

Amsterdam-based Veylinx uses Nobel Prize-winning approach to solve the problem of unreliable survey data; raises €1.6M

Amsterdam-based fintech unicorn Mollie enters UK market to helps merchants there grow into Europe post-Brexit

Amsterdam-based HR tech Recruitee takes a “shortcut” to a future unicorn status

  • About Silicon Canals
  • Partner with Silicon Canals
  • Contact us
  • Newsletter
  • Disclaimer
  • Privacy policy
  • Terms & Conditions Silicon Canals

Silicon Canals 2014-2020 | Website: Bright Idiots

No Result
View All Result
  • Home
  • News
    • COVID-19
    • Startups
    • Scaleups
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
  • Features
    • Promoted content
    • How-to
    • Knowledge & Insights
    • Guest Contributions
    • Scaling-up in Europe
  • Amsterdam
  • Events
  • Newsletter
  • Jobs
  • About
    • Partner with Silicon Canals
    • Team
    • Contact

Silicon Canals 2014-2020 | Website: Bright Idiots

X

This website uses cookies to ensure the best possible experience. We may share this information with our advertising and analytics partners. By clicking 'Accept', you agree to our use of cookies and similar technologies. More info