The Venezuelan delivery startup Yummy announced it raised $47M in a funding round led by Anthos Capital. Other participants in the round were JAM Fund, Soma Capital, WIND Ventures, Ethos Capital, and YC Continuity.
Not even a year has gone by since the startup raised its first funding round at $4M in July 2021. And according to the company, this $47M round is the largest venture investment ever raised by a Venezuelan startup.
In one year, the company has jumped from 200,000 registered users to 2.5 million. It is currently working with over 8,000 merchants and processing approximately 800,000 monthly transactions.
Also, the company announced that former COO of Uber Technologies and CEO of Orbitz Worldwide Barney Harford was appointed to its board of directors.
Yummy began as a food-delivery app and participated in Y Combinator’s summer 2021 cohort. Nowadays, the app also provides delivery and transportation services of medicine, clothing, and even offers the purchase of experiences such as concerts or sporting events.
The company began operating in Venezuela and Bolivia but later expanded into Peru and Panama. Also, Yummy partnered with fast-food restaurants such as KFC and Burger Shack to offer exclusive services to its customers.
According to Vicente Zavarce, Yummy’s founder and CEO, the new financing will be used to expand their number of stores, products, and categories:
“This funding will allow Yummy to integrate more deeply into everyday life through greater coverage and a broader offering.”