Phenomen Ventures leads $30m Series D for Delivery Hero

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Delivery HeroMoscow-based firm Phenomen Ventures has led a $30m Series D round for online food ordering service Delivery Hero, which expects to turn profitable this year.

The round was also supported by the company’s existing investors. It market one of Phenomen’s largest investments to date.

Delivery Hero, which currently operates in 14 countries and has annual revenues of $400m, said it will use the funding to strengthen its position in the market.

Phenomen’s founding partner Dmitry Falkovich said, “I’m amazed by the development over the past two years and excited to become a part of it.

Some of the firm’s other investees include Fab.com, OneTwoTrip and Hailo.

Back in August last year Kite Ventures and Kreos Capital doubled their investment in Delivery Hero by taking part in a $49m financing round.

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