Delivery Hero Raises $30 Million in Series D Funding

Berlin-based online food marketplace Delivery Hero raised a $30 million series D round bringing its funding total to more than $130 million.

The round was led by Phenomen Ventures, with participation from existing investors Team Europe, Kite Ventures who have participated in Delivery Hero’s last three rounds, ru-Net, Tengelmann Ventures, Holtzbrinck Ventures, Point Nine Capital and Kreos Capital.

Founded in October 2010 and led by Niklas Östberg, Delivery Hero which is headquartered in Berlin is a worldwide network of online food ordering sites with more than 600 employees. Delivery Hero currently generates more than $400 million in annual turnover. More than 35,000 restaurants are connected to its service across Sweden, Finland, Poland, Austria, Germany, UK, Denmark, Russia, Australia, Switzerland, South Korea, China, Mexico and India.

As for where the funding will go: Delivery Hero said it will “primarily” invest the follow-on Series D into strengthening its presence in existing markets but also said it plans to “further expand its position: — without specifying whether that means expansion into new markets, or merely ramping up its existing operations.

 

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Written by Regina Timothy

Editor of TechNews Report. Loves all things technology

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