Deliverect, a Belgian startup developing online food delivery management software for restaurants, raises €16.25M Series B led by OMERS Ventures
Today Deliverect, a Belgian startup streamlining the restaurant industry with its online food delivery management software …
Context & Ripple Effects
When Deliverect raised this €16.25M Series B in April 2020, the restaurant-delivery stack was splitting into two funded layers: consumer marketplaces like Deliveroo, which had pulled in a $275M round amid Uber's push into Europe, and the back-office tools restaurants needed to cope with the resulting flood of tablet-and-app orders. LA-based Ordermark had already validated the aggregation category with its own $18M Series B the year before.
The round matters because of what came after it: Deliverect went on to raise a $65M round in 2021, then a $150M Series D at a $1.4B+ valuation — making this OMERS-led Series B the early checkpoint of one of the fastest climbs in European restaurant software.
First-order effects
- OMERS Ventures' lead gives Deliverect the capital to scale its POS-integration product across Europe just as lockdown-era delivery demand makes multi-channel order management urgent for restaurants.
Second-order effects
- Ordermark, which raised at nearly the same stage a year earlier, now faces a well-funded transatlantic rival in a two-horse race to become the default middleware between delivery marketplaces and restaurant point-of-sale systems.
Third-order effects
- If the pattern holds — and Deliverect's later $1.4B+ valuation suggests it did — the integration layer consolidates into a chokepoint that sits between every delivery platform and every restaurant, with pricing power over both sides.
The trend: Restaurant software is consolidating around an aggregation layer that routes marketplace orders into POS systems, turning delivery fragmentation itself into a fundable business.