New funding round values Rocket Internet’s HelloFresh at €2.6 billion!

0

HelloFresh is one of the leading delivery services for fresh meals at home – globally, offering households in 7 different countries the opportunity to enjoy healthy, wholesome home cooked meals with no planning. Rocket Internet just announced a € 75 million funding round for HelloFresh valuing the company at € 2.6 billion. It is almost € 2 billion increase in the valuation from the last funding round in March 2015.

HelloFresh net revenues in 2014 was € 70 million and the comapny has grown 392% comparing to the year 2013. Similar growth trajectory has continued through the first quarter of 2015 making it one of the fastest growing players globally in the online food sector.

HelloFresh currently operates in the UK, Germany, Austria, the Netherlands, Belgium, Australia and the USA. Company delivers over 4 million meals per month to 280,000 subscribers globally (as of April 2015). The company was founded in November 2011 and is based in Berlin. Further corporate offices are in New York, London, Amsterdam and Sydney. Current investors include Insight Venture Partners, Phenomen Ventures, Rocket Internet and Vorwerk Direct Selling Ventures.