Delivery Hero raises $350m investment

The new funding round brings total investments in the company to $635m. The fresh capital will be used to expand the platform's international operations, in particular in Germany and the UK. The company stated its aim to become market leader in the countries in which it operates.

Vostok Nafta, a Russian investment company listed on the Nasdaq Nordic exchange in Sweden, typically focuses on investments in Russia and countries from the former Soviet Union.

The investment comes only two weeks after Delivery Hero announced its acquisition of former competitor pizza.de for a reported €290m. Together, the two companies are said to be worth in the region of €1bn but will continue to operate as independent brands.

Previous funding
Delivery Hero received series-A funding in March 2011, securing €4m from Holtzbrinck Ventures, Point Nine Capital and Tengelmann Ventures. Kite Ventures invested €11m in Delivery Hero's series-B in September that year, followed by a further €25m in March 2012, according to unquote" data.

Delivery Hero's existing investors injected a further €40m in the company's series-C round in August 2012, alongside new backers Hasso Plattner Ventures and Kreos Capital.

Almost a year later in July 2013, Kreos and existing investors injected $30m in a series-D round led by Phenomen Ventures. Insight led an $88m series-E round for Delivery Hero in January 2014. In April, a global investment fund led the delivery platform's $85m series-F. Existing investors also took part in the round.

Company
Delivery Hero is active in Germany, the UK, Sweden, Korea, India and several Latin American countries. The company's 75,000 partner restaurants in 23 countries generate more than $1bn in turnover through the platform and deliver more than 10 million meals to customers per month.

The business employs 1,000 people, 440 of whom work in the Berlin headquarters.

People
Niklas Östberg is CEO of Delivery Hero. Per Brilioth is managing director of Vostok Nafta.

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• Topics
• DACH
• Expansion
• Technology
• Germany
• Holtzbrinck Ventures