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Delivery Hero secures $350m in round led by Insight, Kite

4 Sep 2014

foodFood delivery service Delivery Hero has raised a $350m round to invest in its existing markets and further fund its international growth.

The round was led by existing investor Insight Venture Partners and Kite Ventures and new backer Vostok Nafta.

Delivery Hero has now raised a total $635m.

The company currently has provides ordering capability for more than 75,000 restaurants in 23 countries across five continents, including Germany, UK, Sweden, Korea, China and India.

Its restaurant partners generate annual sales of more than $1bn via online orders or mobile applications and deliver more than 10 million meals every month.

Vostok Nafta managing director Per Brilioth said, “We are excited to partner up with a global market leader. Our experience with strong online marketplace businesses perfectly matches with the direction of Delivery Hero.”

In January this year Insight led an $88m round for Delivery Hero.

Delivery Hero investors also include Team Europe, ru-Net, Tengelmann Ventures, Holtzbrinck Ventures, Point Nine Capital and Phenomen Ventures.

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