Delivery Hero raises $85m series-F round

The latest round brings overall investment in Delivery Hero to more than $285m and follows hot on the heels of the firm's $88m series-E round in January 2014, led by Insight Venture Partners.

Existing investors contributed to the latest round, which was led by an unnamed global investment fund.

The company will use the latest funding to grow its restaurant partner base and improve its service offering.

Earlier this month, online food delivery rival Just Eat priced its IPO at £2.6 per share, giving it a market cap of £1.46bn. VCs have piled into the online food delivery space recently, backing a number of competitors across Europe, with competition being particularly strong in Germany. 

Previous funding
The company first received funding in March 2011, securing €4m from Holtzbrinck Ventures, Point Nine Capital and Tengelmann Ventures.

This was followed in October of the same year by an €11m investment from Kite Ventures. In March 2012, Kite invested a further €25m in the company, according to unquote" data.

The investor trio from Delivery Hero's first round returned with Kite in August 2012 to inject a further €40m into the company, alongside new backers Hasso Plattner Ventures and Kreos Capital. Kite led the round.

In July last year, Holtzbrinck, Kite, Point Nine, Kreos and Tengelmann returned with lead investor Phenomen Ventures to invest $30m (approximately €23m) in Delivery Hero. In January 2014, Insight led an $88m series-E round for Delivery Hero.

Company
Delivery Hero is an online food delivery platform founded in Berlin in 2010. The company partners with more than 60,000 restaurants in Germany, the UK, Sweden, Finland, Poland, Austria, Denmark, Russia, Australia, Switzerland, South Korea, China, Mexico and India. More than 5 million meals are delivered each month via its platform. The company employs more than 700 staff globally, with 300 based in the Berlin office.

Delivery Hero is the parent company of hungryhouse.co.uk.

People
Niklas Östberg is the CEO of Delivery Hero. Jeff Lieberman is a managing director at Insight. 

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