Media | 8 June 2015 07:15
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Company raises another $110 Million from pre-IPO investors, strengthening its shareholder base 8 June 2015 – Delivery Hero, the global leader in online and mobile food ordering, today announced a new financing round of $110 million. The investment was made by two leading public market investors from the US. The new funds will be used for selective acquisitions and intensive product innovation. Delivery Hero is currently market leader in 30 countries and aims to consolidate its competitive edge in product and service. This capital raising brings the overall primary equity investment in Delivery Hero to $1 Billion. Top tier investors include Insight Venture Partners, General Atlantic, and Rocket Internet, alongside a number of blue chip US-based public fund managers. To date Delivery Hero has built up a network of more than 200,000 restaurants in 34 countries. The company is processing 10 million orders every month with Delivery Hero’s restaurant partners generating more than $165 million in monthly sales. Niklas Östberg, CEO of Delivery Hero, commented: “ We are delighted to further strengthen our investor base with two first-rate public market funds sharing our long-term vision of transforming the online food ordering industry.” Citigroup advised on this capital raising and GLNS acted as legal advisors. -ENDS- About Delivery Hero Delivery Hero is a global network of online ordering platforms for food with more than 200,000 partner restaurants worldwide. Delivery Hero has 2,000 employees in 34 countries, including 560 in its Berlin headquarters. Investors in the company include among others Insight Venture Partners, Kite Ventures, Vostok Nafta, Team Europe, ru-Net, Tengelmann Ventures, Point Nine Capital, Rocket Internet, and General Atlantic.
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End of Media Release +++++ Additional features: Document: http://n.equitystory.com/c/fncls.ssp?u=FUFRHERFNW Document title: Delivery Hero financing Issuer: Delivery Hero Holding GmbH Key word(s): Enterprise 2015-06-08 Dissemination of a Press Release, transmitted by DGAP – a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
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