Delivery Hero raises another $350 Million to continue strong growth
Largest sector investment to-date consolidates global leadership
BERLIN, Germany, September 3, 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.”
About Delivery Hero
Delivery Hero is a worldwide network of online food ordering sites with over 75,000 restaurants connected to its service. The company operates in 23 countries across five continents. Delivery Hero has more than 800 employees around the world with 400 staff working from its Berlin headquarters. Delivery Hero investors include Insight Venture Partners, Luxor Capital Group, Kite Ventures, Team Europe, ru-Net, Tengelmann Ventures, Point Nine Capital and Phenomen Ventures.
About Vostok Nafta
Vostok Nafta Investment Ltd (Vostok Nafta) has a focus on investments in marketplace businesses. Existing investments include avito.ru, the world’s third biggest classified site, and Tinkoff Credit Systems, a Top 3 credit card issuer in Russia. The Swedish Depository Receipts of Vostok Nafta (SDB) are listed on the NASDAQ OMX Nordic Exchange Stockholm, Mid Cap segment. For more information on Vostok Nafta, visit www.vostoknafta.com
Bodo v. Braunmühl
Venture Capital Database
Venture Capital Deals Spreadsheet