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Friday 19 September 2014

Tech entrepreneur Dylan Collins invests in Deliveroo

Published 30/06/2014 | 11:23

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Dylan Collins
Dylan Collins

Irish tech startup entrepreneur Dylan Collins has invested in a London-based online food takeout delivery system called Deliveroo.

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Collins’ venture capital fund, Hoxton Ventures, was one of two funds making an investment of up to €3.5m in the startup, which aims to expand beyond the UK later this year.

Collins founded and sold gaming firms Demonware and Jolt Online and has been a regular technology startup investor since. Hoxton Ventures, which also has Rob Kniaz and Hussein Kanji as partners, recently raised (€30m) to invest in technology firms.

Deliveroo is the latest in a line of disruptive startups using the web to quickly organise services. Earlier this month, Dubliner Oisin Hanrahan raised €23m for Handybook, an online platform that allows quick delivery of household services such as cleaning and handyman jobs.

With the new funding, Deliveroo says that it plans to strengthen its logistics technologies and delivery platform. Each order is GPS-tracked and time-stamped with delivery times at less than half an hour from submitting an order.

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