Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Birmingham Post
Birmingham Post
Technology
Jon Robinson

Former Manchester United and England star Rio Ferdinand invests in DeliveryApp

Former Manchester United and England star Rio Ferdinand has invested in technology platform, DeliveryApp.

The television pundit has backed Manchester-based DeliveryApp, whose investors also include the likes of Mark Stott, the owner of Stockport County and property developer Vita Group.

DeliveryApp is based at Bonded Warehouse and was founded by Lance Jones who served as its chief executive from January 2021 until earlier this year.

READ MORE: Click here to sign up to the BusinessLive North West newsletter

Mr Jones was succeeded by Dwain McDonald, the long-serving chief executive of parcel delivery giant DPD.

In a statement, DeliveryApp said: "An already passionate investor in the technology market, Rio aims to support DeliveryApp's brand scale and awareness, drive revenue growth through targeted campaigns, and leverage his extensive business network for strategic introductions.

"Rio decided to partner with DeliveryApp based on his belief in the company's potential to disrupt the market and their ethical treatment of drivers.

"Additionally, the platform's transparency in the delivery process and its ability to reach a wider audience were important factors in the decision-making process."

DeliveryApp added that the investment will help to "boost revenue growth, streamline driver onboarding and retention, and constantly improve the tech platform".

Mr Ferdinand said: "Manchester has always been a city of passion, ambition, and innovation.

"As someone with strong links to the city and its people, I am thrilled to be part of a new investment opportunity with DeliveryApp, a business that really embodies these values."

Mr McDonald added: "We are so excited to have Rio join the team as he brings masses of insight into the latest tech, particularly in social.

"His presence brings an extraordinary level of expertise and experience, particularly in the tech industry.

"As we aim to double the number of activated drivers and quadruple our revenue in 2024, Rio's involvement will be instrumental in achieving our ambitious goals."

Earlier this year, BusinessLive reported that a credit card start-up backed by Rio Ferdinand had raised over £60m.

READ MORE:

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.