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Delivery Hero launches venture capital fund DX Ventures to drive innovation in food, delivery and beyond

Delivery Hero, one of the world’s leading local delivery platforms, today announced the launch of DX Ventures, an independently managed early-stage venture capital fund with a focus on investing in disruptive founder-led companies. 

DX Ventures currently has initial capital of €50 million to deploy globally and is fully funded by Delivery Hero SE. The fund has a broad mandate to invest across a wide variety of industries, including on-demand services, food technology, sustainable innovation, artificial intelligence, fintech and logistics.

Delivery Hero SE, the company behind the new venture capital firm, was founded in 2011 in Berlin by Niklas Östberg, and is currently the largest global food network (outside of China), operating in 40+ markets and over 600+ cities, via a number of local brands. The team has grown into a company with 27K+ person team, with around 1.5K employees in their Berlin HQ alone. Delivery Hero is listed on the Frankfurt stock exchange and became part of the leading index DAX (Deutscher Aktienindex) in 2020.

Duncan McIntyre, Managing Director of DX Ventures, said: “Being a family of founders, investing in entrepreneurship is an integral part of Delivery Hero’s journey. We understand the opportunities and challenges these startups are facing because we have gone through them ourselves. Delivery Hero has built a strong track record of investing in leading technology companies and gained a deep understanding of the global delivery and food industries. We pride ourselves on being able to offer support to founders and the companies we invest in and guide them on their path to lasting success.”

The DX Ventures team seeks to leverage global insights alongside local know-how to help founders grow outstanding companies. The fund’s approach is based on building long term partnerships with founders to provide support throughout the company lifecycle, including utilizing Delivery Hero’s deep technical expertise and extensive network of entrepreneurs around the globe.

Delivery Hero is known for its entrepreneurial and innovative mindset and has been supporting startups with venture capital for many years. The DX Ventures team has been responsible for over €500 million of minority investments across a wide range of industries, including global success stories such as Rappi, Glovo and Impossible Foods.

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Charlotte Tucker
Charlotte Tucker
Charlotte is the previous Editor at EU-Startups.com. She spends her time scouting the next big story, managing our contributor team, and getting excited about social impact ventures. She has previously worked as a Communications Consultant for number of European Commission funded startup projects.

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