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Deliverect Seeks $1.4 Billion Valuation in Funding Round

  • Coatue, Alkeon lining up to back firm in latest funding round
  • Food delivery management firm targets 150 million-euro round

Deliverect, a Belgian software firm that simplifies online food delivery, is in talks to raise new money at a valuation of roughly 1.2 billion euros ($1.4 billion), according to people familiar with the matter.

The company is in discussions about raising around 150 million euros from investors including Coatue Management LLC, the people said, asking not to be identified discussing confidential information. Alkeon Capital Management LLC could also participate in the funding round, one of the people said.