Dublin, Ireland-based Buymie, a same-day grocery delivery company, has secured an extra €5.8 million, bringing total capital raised this year alone to over €8 million.
The cash infusion is meant to support Buymie’s rapid expansion across the UK (where it has just recently launched in Bristol) and its home base of Ireland as the coronavirus pandemic has spurred demand for fast delivery services in generally, and particularly for food and groceries.
It is also going to support the startup’s expansion of its partner network – it already has partnerships with retail partners such as Lidl and The Co-op – and to fend off the likes of Amazon.
This new round was led by an equally new investor into the startup: Wheatsheaf Group, the food and agriculture investment arm of the Grosvenor Estate, and joined by prior backers Act Venture Capital, Sure Valley Ventures, Haatch Ventures, and HBAN.
Other notable investors in Buymie include Keith Weed, former Chief Marketing and Communications Officer for Unilever, and Scott Weavers Wright, the former Managing Director of Morrisons.com.
Devan Hughes, co-founder and CEO of Buymie, said: “This funding round will help Buymie achieve our goal of becoming the leading same-day grocery delivery provider across the UK and Ireland. More and more customers are frustrated by the long waiting times offered by conventional grocery delivery services and delighted with our solution that can deliver groceries in as little as one hour. The success of our Lidl partnership has demonstrated just how much appetite there is for our service, and how important seamless delivery is to retailers’ reputations. They have been a fantastic partner for Buymie.”