Delivery Hero inks $350 mln

Delivery Hero has received about $350 million in funding. The investors included Insight Venture Partners, Kite Ventures and Vostok Nafta. Based in Berlin, Germany, Delivery Hero is an online food ordering platform.

PRESS RELEASE

Berlin, Germany, 03.09.2014: Delivery Hero, the largest global provider of online and mobile food ordering, today announced a fundraising round valued at approximately $350 million. The round was led by existing investors, including Insight Venture Partners, Kite Ventures and a new investor, Vostok Nafta, an investment company listed on the Nasdaq OMX Nordic Exchange Stockholm.

Delivery Hero will primarily use the funds to invest in its existing markets, including the UK and Germany, to further fuel international growth and to expand its position as an innovation leader. No more than three weeks ago Delivery Hero announced the full take-over of German market leader pizza.de.

The new round of capital brings the overall investment in Delivery Hero to over $635 million. Using prior investments, the company currently provides ordering capability for more than 75,000 restaurants in 23 countries across five continents, including Germany, UK, Sweden, Korea, China and India. Delivery Hero’s restaurant partners generate more than one billion dollars in annual sales via online orders or mobile applications and deliver more than 10 million meals every month.

Niklas Östberg, CEO of Delivery Hero, commented: “We warmly welcome Vostok Nafta as a new investor and at the same time we continue to appreciate the overwhelming trust our existing investors have in our business.

“Our growth rate of approximately 100% year-on-year underscores our confidence that we are on the right track to realize our ambitious vision for an amazing food ordering service all over the world. In a few of our markets we haven’t reached market leadership yet and we will use this investment to achieve our goal of becoming the clear number one in each market we operate in.”

Per Brilioth, Managing Director of Vostok Nafta, commented: “We are excited to partner up with a global market leader. Our experience with strong online marketplace businesses perfectly matches with the direction of Delivery Hero.”

Delivery Hero is a worldwide network of online food ordering sites with more than 75,000 restaurants connected to its service. On its mission to provide better takeaway food to the people globally, Delivery Hero operates in Sweden, Finland, Poland, Austria, Germany, UK, Denmark, Russia, Australia, Switzerland, South Korea, China, Mexico and India. The company has more than 1000 employees around the world with 440 staff working from its Berlin headquarters. Delivery Hero investors include Insight Venture Partners, Kite Ventures, Team Europe, ru-Net, Tengelmann Ventures, Holtzbrinck Ventures, Point Nine Capital, Kreos Capital and Phenomen Ventures.

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