VC-backed Delivery Hero valued at $3.1bn in latest round

The investment brings the total amount raised by the Berlin-based business to the $1bn mark and gives it a valuation of more than $3.1bn, according to a statement released by the company.

Delivery Hero's investors include Rocket Internet, Insight Venture Partners, Holtzbrinck Ventures and Point Nine Capital.

Earlier this year, Rocket Internet acquired Phenomen Ventures' stake in Delivery Hero, bringing its total investment in the business to €496m.

The latest investment comes around nine months after Delivery Hero raised its largest funding round to date, securing €350m in a series-G round from existing backers Insight and Kite Ventures, with new investor Vostok Nafta also participating.

The company has recently made a string of bolt-ons including a reported €290m deal for pizza.de, in addition to the buyouts of two competitors based in the Czech Republic and Slovakia. It also invested €10m for a minority stake in Berlin-based MyLorry in April 2015.

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• Topics
• Expansion
• DACH
• Consumer
• Holtzbrinck Ventures
• Germany