Business & FinanceTech & Innovation - January 12, 2021

Delivery Hero launches venture capital fund DX Ventures to drive innovation in food, delivery and beyond

  • Delivery Hero launches DX Ventures, an independently managed venture capital fund with a mission to support the next generation of global entrepreneurs
  • DX Ventures’s strategy is to invest in founder-led companies that are disrupting a wide variety of traditional industries and provide them with capital to fulfill their vision
  • DX Ventures has initial capital of EUR 50 million to invest in promising early-stage companies worldwide in the areas of on-demand services, food technology, sustainable innovation, artificial intelligence, fintech and logistics

Berlin, 12 January 2021 ﹣ Delivery Hero SE (“Delivery Hero”), the world’s leading local delivery platform, today announced the launch of DX Ventures, an independently managed early-stage venture capital fund with a focus on investing in disruptive founder-led companies. DX Ventures currently has initial capital of EUR 50 million to deploy globally and is fully funded by Delivery Hero SE. The fund has a broad mandate to invest across a wide variety of industries, including on-demand services, food technology, sustainable innovation, artificial intelligence, fintech and logistics.

Being a family of founders, investing in entrepreneurship is an integral part of Delivery Hero’s journey. We understand the opportunities and challenges these startups are facing because we have gone through them ourselves. Delivery Hero has built a strong track record of investing in leading technology companies and gained a deep understanding of the global delivery and food industries. We pride ourselves on being able to offer support to founders and the companies we invest in and guide them on their path to lasting success.

Duncan McIntyre, Managing Director of DX Venture

The DX Ventures team seeks to leverage global insights alongside local know-how to help founders grow outstanding companies. The fund’s approach is based on building long term partnerships with founders to provide support throughout the company lifecycle, including utilizing Delivery Hero’s deep technical expertise and extensive network of entrepreneurs around the globe.

Delivery Hero is known for its entrepreneurial and innovative mindset and has been supporting start-ups with venture capital for many years. The DX Ventures team has been responsible for over EUR 500 million of minority investments across a wide range of industries, including global success stories such as Rappi, Glovo and Impossible Foods.

ABOUT DELIVERY HERO
Delivery Hero is the world’s leading local delivery platform, operating its service in c. 50 countries across Asia, Europe, Latin America, the Middle East and North Africa. The company started as a food delivery service in 2011 and today runs its own delivery platform in over 700 cities. Additionally, Delivery Hero is pioneering quick commerce, the next generation of e-commerce, aiming to bring groceries and household goods to customers in under 20 minutes. Headquartered in Berlin, Germany, the company has more than 27,000 employees. Delivery Hero is listed on the Frankfurt stock exchange since 2017, and became part of the leading index DAX (Deutscher Aktienindex) in 2020. For more information, please visit www.deliveryhero.com

ABOUT DX VENTURES
DX Ventures is a venture capital fund backed by Delivery Hero. The fund’s mission is to support the next generation of founder-led companies that are disrupting some of the most rapidly changing industries around the world. DX Ventures has a mandate to invest globally in the food delivery ecosystem and adjacent industries. The investment philosophy is centered on building long term partnerships with founders to provide support throughout the lifecycle and actively create value. For more information, please visit www.dxventures.vc

MEDIA CONTACT
Kingsum Li
Specialist, Corporate Communications
moc.orehyrevilednull@sserp

DX VENTURES CONTACT
Duncan McIntyre
Managing Director, DX Ventures
cv.serutnevxdnull@ofni


DISCLAIMER

This release may contain forward looking statements, estimates, opinions and projections with respect to anticipated future performance of Delivery Hero SE (“forward-looking statements”). These forward-looking statements can be identified by the use of forward-looking terminology, including the terms “believes,” “estimates,” “anticipates,” “expects,” “intends,” “may,” “will” or “should” or, in each case, their negative, or other variations or comparable terminology. These forward-looking statements include all matters that are not historical facts. Forward-looking statements are based on the current views, expectations and assumptions of the management of Delivery Hero SE and involve significant known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Forward-looking statements should not be read as guarantees of future performance or results and will not necessarily be accurate indications of whether or not such results will be achieved. Any forward-looking statements included herein only speak as at the date of this release. We undertake no obligation, and do not expect to publicly update, or publicly revise, any of the information, forward-looking statements or the conclusions contained herein or to reflect new events or circumstances or to correct any inaccuracies which may become apparent subsequent to the date hereof, whether as a result of new information, future events or otherwise. We accept no liability whatsoever in respect of the achievement of such forward-looking statements and assumptions.

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