DN Capital et al. inject €6m into Take Eat Easy

Information regarding the breakdown of the round remains confidential, but DN Capital's contribution is thought to sit within its typical €1-3m range for series-A rounds.

The London-based venture capital firm invested via its Global Venture Capital III fund. Launched in July 2012 with a €100m target, the vehicle held a first close on €51.5m one month later and then raised €144m at final close in September 2014.

According to DN Capital, the firm was first attracted by Take Eat Easy's technology-based business model within the food delivery sector. The Brussels-based start-up intends to use the fresh capital to further expand internationally following its growth in France.

The round marks the second investment by Rocket Internet in a technology company in the past few weeks. Last March, the accelerator took part in a €43m second funding round for German cleaning services app Helpling alongside Lakestar, Kite Ventures and Mangrove Capital Partners.

Company
Founded in 2013, Take Eat Easy is a food delivery start-up that connects restaurants, bike couriers and customers.

With a workforce of around 15 employees, the company claims to have developed dispatching algorithms allowing customers to keep track of their order and receive it within 20 minutes. The business set up shop in France in October 2014 and has since partnered with 250 restaurants.

People
DN Capital was represented by investment manager Lawrence Barclay and venture partner for Germany John Helm. Adrien Roose is CEO and co-founder of Take Eat Easy.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Benelux
• Expansion
• Technology
• Belgium
• Start-up
• DN Capital
• Unq2015May