Cornershop, a Latin American-focused online grocery delivery service, has raised $21 million in a funding round led by Accel with participation from Swedish VC firm Creandum alongside ALLVP from Mexico, and Jackson Square Ventures from San Francisco.
The startup was cofounded by Swedish CEO Oskar Hjertonsson. Cornershop partners with local food retailers to provide the delivery service to its users. Founded two years ago, it is currently operational in metropolitan areas in Mexico and Chile.
“Regular, consistent use is key to building a durable business in the on-demand space and we’re excited to see a high number of customers coming back week after week,” said Hjertonsson.
According to a spokesperson for Creandum, the deal represents further evidence of tier one VCs looking at more and more markets outside Silicon Valley and the US.
Cornershop previously raised $6.7 million in a Series A round last year from Creandum, Accel, and others.