Delivery Hero, the online takeaway group, raises $110M
– Delivery Hero now valued at over $3.1 Billion after new financing round
– Company raises another $110 Million from pre-IPO investors, strengthening its shareholder base
Delivery Hero, the global leader in online and mobile food ordering, today announced a new financing round of $110 million. The investment was made by two leading public market investors from the US.
The new funds will be used for selective acquisitions and intensive product innovation. Delivery Hero is currently market leader in 30 countries and aims to consolidate its competitive edge in product and service.
This capital raising brings the overall primary equity investment in Delivery Hero to $1 Billion. Top tier investors include Insight Venture Partners, General Atlantic, and Rocket Internet, alongside a number of blue chip US-based public fund managers.
To date Delivery Hero has built up a network of more than 200,000 restaurants in 34 countries. The company is processing 10 million orders every month with Delivery Hero’s restaurant partners generating more than $165 million in monthly sales.
Niklas Östberg, CEO of Delivery Hero, commented: “We are delighted to further strengthen our investor base with two first-rate public market funds sharing our long-term vision of transforming the online food ordering industry.”
Citigroup advised on this capital raising and GLNS acted as legal advisors.
About Delivery Hero
Delivery Hero is a global network of online ordering platforms for food with more than 200,000 partner restaurants worldwide. Delivery Hero has 2,000 employees in 34 countries, including 560 in its Berlin headquarters. Investors in the company include among others Insight Venture Partners, Kite Ventures, Vostok Nafta, Team Europe, ru-Net, Tengelmann Ventures, Point Nine Capital, Rocket Internet, and General Atlantic.
Sourec: Delivery Hero Press Release