Berlin-based Delivery Hero announced receipt of $30 million worth of Series D financing. The Series D financing was led by Phenomen Ventures and included its other existing investors.
The company's announcement that its profitability threshold has been reached once again brought international investors to the city of Berlin. However, for this online food ordering platform, "Choosing the right investor is absolutely crucial." Niklas Östberg, CEO of Niklas Östberg, further states that "Having an investor with an entrepreneurial mindset makes a difference to us and we're very happy to have Phenomen onboard".
For this series of fundraising, the company aimed for strengthening of existing markets as well as expansion of its role of being an innovation leader while keeping focused on its mission of providing better takeaway food to the global citizens.
Delivery Hero helped deliver millions of orders per month across 14 international markets. This activity generated an annual turnover amounting to $400 million.
Join the Conversation