Delivery Hero, the Germany-based online food ordering platform backed by investors including retail group Tengelmann, has raised $350m in a series G round.
The investors in the round were investment firm Vostok Nafta and existing backers including Insight Venture Partners and Kite Ventures.
Other past investors in Delivery Hero include Tengelmann Ventures, which acts as Tengelmann’s corporate venturing unit, Holtzbrinck Ventures, which does the same for publisher Georg von Holtzbrinck Publishing Group, as well as internet company Ru-net, Team Europe, Kreos Capital, Phenomen Ventures, Luxor Capital and Point Nine Capital.
Delivery Hero has now raised over $635m in total, including $85m from a series F round in April.
The company plans to spend the cash on growing its market share in places such as Germany, where it recently acquired competitor Pizza.de, and the UK. The funds will also be used to support further international growth.
Niklas Östberg, chief executive of Delivery Hero, said: “Our growth rate of approximately 100% year-on-year underscores our confidence that we are on the right track to realise our ambitious vision for an amazing food ordering service all over the world.
“In a few of our markets we haven’t reached market leadership yet and we will use this investment to achieve our goal of becoming the clear number one in each market we operate in.”