LONDON, January 19, 2021 – Proskauer, a leading international law firm, today announced that it advised Deliveroo on its Series H funding round that raised over $180 million from existing investors, led by Durable Capital Partners LP and Fidelity Management & Research Company LLC, valuing the business at over $7 billion.

With this latest funding round, Deliveroo will continue to invest to further drive growth and enhancements to its services for restaurants, riders and consumers.

"We would not have been able to close this funding round in record time without Richard, Andy and Darpit. Their exceptional service, attention to detail, agility and pragmatism is second to none. These are exactly the types of lawyers disruptive companies like us need. I feel extremely grateful to work with a team of external lawyers who truly feel like an extension of our in-house legal team," said Chantelle Zemba, General Counsel of Deliveroo.

The Proskauer team was led by M&A partner Richard Bull alongside associates Andrew Houghton and Darpit Mehta.

About Proskauer

We are 725+ lawyers serving clients from 12 offices located in the leading financial and business centers in the Americas, Europe and Asia. The world's leading organizations, companies and corporations choose us to be their representatives in their most critical situations.  But more, they consider Proskauer a strategic partner to drive their business forward.  We work with asset managers, major sports leagues, Fortune 500 companies, entertainment industry legends and other industry-redefining companies.