Profitability attracts new investors to Delivery Hero

01 Jul 2013

 by Press Team

Delivery Hero receives $30 million in Series D financing Berlin

Delivery Hero, one of the largest global online food ordering platforms, is bringing more international investors to Berlin after announcing it will reach profitability this year. The company today announced that it has received $30 million in a Series D financing lead by Phenomen Ventures and supported by existing investors.

“Choosing the right investor is absolutely crucial. Having an investor with an entrepreneurial mindset makes a difference to us and we’re very happy to have Phenomen onboard” says the CEO Niklas Östberg.

Delivery Hero generates over $400 million in annual turnover and helps its partner restaurants deliver millions of monthly orders across 14 international markets.

Phenomen Ventures, having previously financed Fab.com, OneTwoTrip, Hailo and several other high profile tech companies, is making one of its largest investments to date with Delivery Hero.

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

Delivery Hero will primarily invest the money into the strengthening of existing markets and further expanding its position as an innovation leader.