The article below is an overview on food delivery companies becoming more popular between venture capital firms, the latest booming market when it comes to attracting investment.
The latest big story in the sector came yesterday from the Berlin-based Delivery Hero Holding GmbH. The company announced it has raised $350 million from venture capitalists.
The company announced in a statement that both existing and new investors led the newest round of investment. Among the companies that provided capital for the company were Delivery Hero’s old investors Insight Venture Partners and Kite Ventures. On top of this, an investment company listed on the NASDAQ OMX Nordic Exchange Stockholm, Vostok Nafta, provided the company with investment.
Red Herring reported that the former Red Herring Europe Top 100 Winner’s plan is to direct the funds for its existing markets and continue its further international expansions, although the company has no strategy to expand to the US just yet.
Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, Food Delivery Company, Berlin, Delivery Hero Holding GmbH, Delivery Hero, Insight Venture Partners, Kite Ventures, NASDAQ OMX Nordic Exchange Stockholm, Vostok Nafta, Red Herring Europe Top 100 Winner, US, Europe.