Deliverect
Deliverect is a Ghent-based Food Tech platform valued at $1.4B that integrates restaurant POS systems with online delivery channels like Uber Eats, Deliveroo, and DoorDash.
Founded in 2018 by Zhong Xu and Jan Hollez, Deliverect solves a core operational problem for restaurants: managing orders from multiple delivery platforms through a single integration layer. Instead of manually juggling tablets for each delivery app, restaurant staff see all incoming orders in one place, synchronized with their existing POS system.
The company grew rapidly during the COVID-19 period as food delivery volumes accelerated globally. It achieved Unicorn status and now operates across dozens of countries, serving restaurant chains, ghost kitchens, and hospitality groups. Total funding raised stands at $332M.
In December 2024, Deliverect acquired Tabesto, a French self-ordering kiosk company, extending its platform from delivery channel management into in-venue ordering.
Deliverect is headquartered in Ghent and represents one of the city's most significant startup success stories alongside TechWolf and Showpad.
Key People
Zhong Xu - Co-Founder & CEO
Jan Hollez - Co-Founder & CTO
Funding History
- Deliverect Series D 2022 - $150M Series D led by Coatue (2022), $1.4B valuation (Unicorn)
- Deliverect Acquires Tabesto 2024 - Acquired Tabesto (Dec 2024)
Stated facts & numbers
- The Deliverect investor deck Shoow designed helped raise $65 million. (0:21:00, Ben's Mentors 2026-03-04)
- Deliverect was founded around 2018, roughly 8 years before the recording. (0:34:16, The Harbour 2026-05-28)
- Deliverect's first round was €3 million in 2019, described as enormous for a seed in the Benelux at the time. (0:38:24, The Harbour 2026-05-28)
- Less than a year after the seed, Deliverect raised a ~€16 million round with Omers. (0:39:24, The Harbour 2026-05-28)
- Deliverect raised €65 million in 2021 and €150 million about a year later. (0:40:56, The Harbour 2026-05-28)
- Deliverect was founded at the end of 2018. (0:01:37, SuperNova 2025-12-03)
- Deliverect grew from zero to 500 employees in three years and has held at ~500 people for the past two to three years. (0:01:37, SuperNova 2025-12-03)
- Deliverect reached unicorn status after roughly two and a half to three years. (0:02:08, SuperNova 2025-12-03)
In the media3
- Building The Restaurant Delivery Infrastructure with Deliverect's Zhong Xu
Zhong Xu discusses Deliverect's mission to build the operating backbone for digital food by helping restaurants of all sizes connect to and sell through multiple online channels like Uber Eats, Deliveroo, and Just Eat. He explains that the company provides a unified system that manages menus, workflows, and point-of-sale integration, currently powering nearly 40,000 restaurants across 40 markets including major chains like KFC and Burger King as well as independent establishments.
- Tech Talks with TFN: Zhong Xu, Co-Founder & CEO, Deliverect - Meet Europe’s Foodtech Unicorn
Zhong Xu discusses how Deliverect powers digital ordering for restaurants across 55,000 locations in 52 countries, processing nearly 800 million orders in 2024, by connecting restaurants to online sales channels like food delivery apps, social media, and their own platforms. He explains the acquisition of Tobasco, a European kiosk company, as a natural evolution to extend Deliverect's services from online ordering into in-store ordering, allowing restaurants to manage menus and promotions across all channels through a single platform.
- Zhong Xu: This One API Turns Restaurant Chaos Into Silent Cash Flow
Zhong Xu discusses how Deliverect operates as an API infrastructure that connects restaurants to multiple digital sales channels, allowing restaurants to focus on food preparation rather than managing delivery logistics. He explains that Deliverect serves over 65,000 restaurants across 52 countries and processes approximately 450 million orders annually, noting that digital sales have become critical for restaurant survival, with large QSR chains now deriving nearly 80 percent of their revenue from digital channels compared to just 10 percent when the company was founded in 2017-2018.