Germany-based online food ordering service Delivery Hero, backed by investors including internet company Rocket Internet, raised $110m today from unnamed investors at a $3.1bn valuation.
The funding came from “two leading public market investors from the US,” the company said, describing them as “pre-IPO investors.”
Delivery Hero operates an online platform for customers in 34 countries to order food. It has signed up some 200,000 restaurants to its platform to date, and will use the latest capital injection for acquisitions and product development.
Niklas Östberg, chief executive of Delivery Hero, said: “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.”
The company has now raised more than $1bn in funding from investors including Rocket Internet, retailer Tengelmann’s corporate venturing arm, Tengelmann Ventures, and Holtzbrinck Ventures, the venture capital firm spun out of publishing company Georg von Holtzbrinck.
Vostok Nafta, Ru-Net, Insight Venture Partners, Kite Ventures, Team Europe, Kreos Capital, Phenomenon Ventures, Luxor Capital, General Atlantic and Point Nine Capital have also invested in the company.
Rocket Internet increased its stake in Delivery Hero to 39% in March this year, purchasing €52m ($55m) worth of shares from undisclosed investors, after it had invested $568m in primary and secondary funding the month before.