Delivery Hero Raises $30 Million In Series D
Based in Berlin, Delivery Hero is an online food ordering service that operates in 12 countries. Delivery Hero works with over 22,000 restaurants across their network. Delivery Hero allow users to find restaurants in the area, browse menus, and order takeaway food.
The company has raised $50 million in Series D funding led by Phenomen Ventures with participation from existing investors. Delivery Hero competes with companies like Just Eat and Food Panda.
Delivery Hero sees over $400 million in annual turnover, according to TechCrunch. Delivery Hero has raised a total of $116 million in equity and $10 million in venture debt.
Delivery Hero will be using the funding to increase their presence in existing markets and to expand their position.