Delivery Hero, a global online and mobile food ordering platform, raised an additional $110m in funding.
The investment, which brought Delivery Hero’s valutation at over $3.1 Billion, was made by two public market investors from the US.
The company, which has raised the overall primary equity investment to $1 Billion, intends to use the new funds for selective acquisitions and product innovation.
Citigroup advised on this capital raising while GLNS acted as legal advisors.
Led by Niklas Östberg, CEO, Delivery Hero is a global network of online ordering platforms for food with more than 200,000 partner restaurants worldwide. The company currently has 2,000 employees in 34 countries, including 560 in its Berlin headquarters. Investors Insight Venture Partners, Kite Ventures, Vostok Nafta, Team Europe, ru-Net, Tengelmann Ventures, Point Nine Capital, Rocket Internet, and General Atlantic.