Delivery Hero, one of the largest global online food ordering platforms, is bringing more international investors to Berlin after announcing its plan to 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. Delivery Hero announced that it will primarily invest the money into the strengthening of existing markets and further expanding its position as an innovation leader.
The Series C round of delivery hero was about 10 month ago when the young company raised $49 million from Kite Ventures, Kreos Capital and other existing investors. If my calculations are right, Delivery Hero has now raised a total of $134 million since its start in 2010. Keeping that in mind I would say: “Yes, it’s about time to get profitable now”.
Delivery Hero also announced recently that it generates over $400 million in annual turnover and helps its about 35,000 partner restaurants in 14 countries 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.