Delivery Hero bolts on 9Cookies

The bolt-on expands Delivery Hero's range of restaurant technology products.

The acquisition was funded from Delivery Hero's existing balance sheet, having raised several funding rounds designed to support its organic and acquisitive growth since its inception. 

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.

In January 2014, the firm raised an $88m series-E round led by Insight Venture Partners. Three months later, the company raised $85m in a series-F funding round.

Company
Founded in 2012 and based in Berlin, 9Cookies provides iPad-based point-of-sale systems for restaurants and delivery services. It also offers table reservation, payment options and print invoicing.

People
Marcus Ross is managing director of 9Cookies.

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