Weezy secures £14.6 million Series A investment led by Left Lane Capital

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Weezy Raises $20M Series A funding to extend 15-minute grocery delivery service across London and the UK

  • Founded by Kristof Van Beveren and Alec Dent in 2020, Weezy offers convenient, safe, hyper-local grocery deliveries in 15 minutes 
  • 40 new fulfilment centres to open across the UK in 2021 in addition to the existing 4 live in London. 
  • Weezy to add 50 new employees in the next 4 months 
  • Left Lane Capital Managing Partner Harley Miller joins the Weezy Board and leads the $20M Series A
  • Hundreds of thousands of customers can order fresh produce, pharmacy, personal care items and store-cupboard staples with a 15 minute delivery service

London, 14 January 2021: Weezy, the UK’s leading on-demand superfast supermarket that delivers groceries in only 15 minutes, has raised $20 million in Series A funding to expand its grocery delivery service across London and the broader UK. The new investment was led by New York-based venture capital fund Left Lane Capital. Also participating are UK-based fund DN Capital, earlier investors Heartcore Capital and angel investors, notably 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. 

Weezy is opening two fulfilment centres in Lambeth and London Fields this month, adding to its existing locations covering Battersea, Clapham, Fulham and Chelsea. It plans to open 40 more UK sites by the end of 2021. 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.

Weezy helps busy householders to shop for groceries quickly and has proved to be a lifeline for all age groups during the coronavirus pandemic. The popularity of online grocery delivery has accelerated since early 2020; in Q2 2020 alone, half a million new shoppers were added to the grocery delivery sector, which is now worth £14.3bn in the UK.

Kristof Van Beveren, Co-founder and CEO of Weezy, said:

“People are no longer happy to wait around for deliveries, and there is strong demand for a more efficient service. Weezy customers love the friendliness of our team, the quality of our produce, and our quick, accurate delivery times. 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, Left Lane Capital, commented:

“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 is an honor to partner with them on this journey and help them solidify their first-mover advantage in London.” 

Nenad Marovac, Founder and Managing Partner, DN Capital, said:

“Even before the pandemic, interest in online grocery shopping was on the rise. The first time I ordered from Weezy, my delivery arrived in seven minutes and I was hooked. There is a need for fresh, visionary ideas to shake up this space and the team at Weezy is doing just that. I’m excited for the next stage of this dynamic company.” 

Ends   –

About Weezy

Weezy is the new fast delivery supermarket with groceries arriving at your doorstep in minutes. Products range from fresh produce, cupboard staples, pharmacy items, cleaning products, alcohol and more, with 2,000 separate product lines stocked. As well as working with wholesalers, Weezy also sources groceries from independent bakers, butchers and markets with customers attracted to its fresh, localised offerings. Weezy customer delivery representatives stock, pack and deliver the groceries within 10-15 minutes of customers placing an order, and only deliver on bicycles or electric mopeds. Orders can be placed between 8am and 11pm, while fresh fruit and vegetables account for the most popular categories.

Weezy’s co-founders are ​Kristof Van Beveren and ​Alec Dent​. CEO Kristof started his career in the consumer goods world at Procter & Gamble, before moving into consultancy at McKinsey & Company. He later took up a role as chief of staff at Belgium startup Showpad. COO Alec headed up operations at UK startup Drover and business development at BlaBlaCar. 

The Weezy app is available to download on the ​App Store and ​Google Play

For more information visit https://weezy.co.uk/ 

Weezy customer quotes: 

Abigail says: “Simple, fast and frankly delicious. Groceries delivered by friendly riders at affordable prices. What’s not to like?” – Google Play Store 

Ed says: “So convenient, amazing fresh products delivered in minutes. Especially useful with kids at home.” – Apple App Store 

Emily says: “The customer service is out of this world, I am never stepping into a supermarket again” – Google Play Store

About Left Lane Capital

Left Lane Capital is a New York-based growth equity firm. The firm invests in high-growth consumer internet and technology companies that build lasting relationships with customers. Left Lane Capital’s mission is to partner with extraordinary entrepreneurs creating category-defining businesses that are fundamental to the human condition and spirit.

For more information visit https://www.leftlanecap.com/ 

About DN Capital 

DN Capital is a leading European early stage venture capital firm with operations in London, Berlin and Silicon Valley. The firm focuses on Seed, Series A and select Series B investments in software, fintech, marketplace, consumer internet and digital health companies. DN Capital’s mission is to support entrepreneurs in creating global category leaders. Some of DN’s top performing companies include: Shazam, Endeca, Auto1, Go Student, Job and Talent, Mister Spex, Hometogo, OLX, Remitly and Quandoo.

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