PRESS RELEASE - Delivery Hero receives a $98.4 million investment
Berlin, 28.08.2012 – Another round of funding has pushed Delivery Hero's (in the UK known as
‘hungryhouse’) total raised capital to €80m ($98.4m), making the 21-month-old online food
delivery company one of the best financed European Internet start-ups in the last 12 months.
Co-CEO Fabian Siegel says this latest investment deal will significantly boost efforts to reach
global targets. "The current round provides us sufficient capital to fuel our aggressive
international growth plans.”
Already leading the online food ordering market in five countries, the latest €40m ($49m)
financing round from Kite Ventures, Kreos Capital and other existing investors, puts the Berlinbased company in a strong position to achieve its vision of bringing better takeaway food to the
people, while becoming the global category leader in online food ordering.
In the first quarter of 2012, orders increased by 84%, with an estimated annual marketplace
revenue of more than €250m ($307m), making Delivery Hero one of the fastest growing Internet
marketplaces worldwide. Delivery Hero companies have successfully provided to date, more
than 32 million meals from the 22,000 restaurants across its global network, which operates in
Germany, UK, Sweden, Finland, Poland, Austria, Switzerland, Russia, Australia, Mexico and
"Since our first investment in Delivery Hero we have been impressed with the performance of
the Delivery Hero team. The company has been growing rapidly into various markets,” says Kite
Ventures Partner Edward Shenderovich. “We are happy that we were able to significantly
increase our investment into Delivery Hero and provide sufficient capital to support this growth.”
General Partner Mårten Vading says Kreos Capital, Europe's largest and leading provider of
growth debt, is pleased to add Delivery Hero to its portfolio. “We are happy that Kreos is able to
provide Delivery hero with the flexible financing that management and shareholders were
looking for. The partnership with Delivery Hero is just starting and we will be looking forward to
support Delivery Hero's fast paced growth."
Delivery Hero, which now has more than 400 employees around the world – the majority
working from its headquarters in Berlin, can attribute its expansion capabilities to past funding
from runet, Tengelmann Ventures, Kite Ventures, Holtzbrinck Ventures, Point Nine Capital and
Team Europe. “We are glad to enjoy the continuous trust of our existing investors and we are
pleased to bring on board Mårten from Kreos who will be able to provide us with additional
support for future growth", says Fabian Siegel.