Moneysupermarket billionaire Simon Nixon invested in Deliveroo

A
cyclist rides a bicyle as he delivers food for Deliveroo, an
example of the emergence of what is known as the ‘gig economy’,
in Paris, France, April 7, 2017. Picture taken April 7,
2017.
REUTERS/Charles
Platiau

• One of the UK’s richest men, Simon Nixon, has backed
  fast-growing food delivery startup Deliveroo.
• Filings show that Nixon took a small stake in Deliveroo
  when it raised a massive $482 million funding round in
  2017.
• Nixon is the cofounder of price comparison site
  Moneysupermarket.com and has backed several tech
  startups.
• There are persistent rumours that Deliveroo will float
  some time in the next 2 years.

British billionaire and Moneysupermarket.com cofounder Simon
Nixon has invested in fast-growing food delivery firm Deliveroo,
according to financial filings with Companies House.

The documents show that Nixon participated in
Deliveroo’s $482 million (£365 million) Series F raise last
year. The round was led by private equity firm T. Rowe Price
and asset management giant Fidelity, and included existing
venture capital investors such as Index Ventures and Accel
Partners. There were also a number of private investors who were
not named at the time.

Nixon, it appears, was one of those anonymous backers.

Nixon made his name cofounding Moneysupermarket.com in 1999,
arguably the UK’s biggest and best known price comparison site.

According to The Sunday Times’ Rich List, he has a net wealth
of £1.25 billion, making him one of the UK’s wealthiest tech
entrepreneurs. He has reportedly invested £270 million
into tech firms to date, backing failed cab price comparison
startup Kabbee, and food and drink service The Food Market.

Deliveroo has raised almost $1 billion in total funding, and its
valuation is more than $2 billion. Its chief executive Will Shu
said in May that the firm
was not thinking about going public, but rumours persist that
the company will float some time in the next two years.

Deliveroo has been contacted for comment.