Deliverect Said to Seek $1.4 Billion Valuation in Funding 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.

Deliverect may consider an initial public offering this year or in 2023 following the latest financing, another person said. A ...