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January 13, 2021

Food delivery platform Delivery Hero launches venture capital fund

German food delivery platform Delivery Hero has launched an independently managed venture capital fund with the aim of investing in disruptive founder-led companies.

German food delivery platform Delivery Hero has launched an independently managed venture capital fund with the aim of investing in disruptive founder-led companies.

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Global digital pressures are making waves across sectors. The foodservice industry is seeing particular impact as consumers change the way they operate. It is therefore essential to know how to navigate the challenges that digital is presenting to the industry and its consumers. GlobalData’s free report explores the market outlook for the global foodservice industry, with insights into how foodservice operators, brands, and their suppliers can meet changing demands. Key features in this report include:
  • An overview of dine-in, takeaway, and delivery forecasts up to 2026
  • Areas foodservice industry players should be focusing on for digital investment
  • Consumer insight into attitudes towards digital convenience
  • Challenges facing foodservice, in terms of investment and logical considerations
  • Key examples of top industry players
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Called DX Ventures, the fund has been solely funded by Delivery Hero with an initial capital of €50m to deploy globally.

The fund seeks to invest in founder-led companies across a range of industries, including on-demand services, food technology, sustainable innovation, and artificial intelligence.

Moreover, it will use Delivery Hero’s technical expertise and its global entrepreneurs’ network to offer help during the lifecycle of the companies.

DX Ventures managing director Duncan McIntyre said: “Being a family of founders, investing in entrepreneurship is an integral part of Delivery Hero’s journey. We understand the opportunities and challenges these start-ups are facing because we have gone through them ourselves.

“Delivery Hero has built a strong track record of investing in leading technology companies and gained a deep understanding of the global delivery and food industries. We pride ourselves on being able to offer support to founders and the companies we invest in and guide them on their path to lasting success.”

Delivery Hero said that DX Ventures team has been responsible for more than €500m of minority investments in companies such as Rappi, Glovo, and Impossible Foods.

Last month, Delivery Hero revealed plans to divest its South Korean unit to secure regulatory approval for its $4bn acquisition of South Korean online food delivery company Woowa Brothers.

In September 2019, the company signed a €230m deal to acquire on-demand delivery start-up Glovo’s operations in Latin America.

Last year, the company also reached a $360m deal to buy Middle Eastern start-up InstaShop.

Free Report
img

Meet emerging digital demand in the foodservice industry

Global digital pressures are making waves across sectors. The foodservice industry is seeing particular impact as consumers change the way they operate. It is therefore essential to know how to navigate the challenges that digital is presenting to the industry and its consumers. GlobalData’s free report explores the market outlook for the global foodservice industry, with insights into how foodservice operators, brands, and their suppliers can meet changing demands. Key features in this report include:
  • An overview of dine-in, takeaway, and delivery forecasts up to 2026
  • Areas foodservice industry players should be focusing on for digital investment
  • Consumer insight into attitudes towards digital convenience
  • Challenges facing foodservice, in terms of investment and logical considerations
  • Key examples of top industry players
Adapt and stay on top. Download our free report now.
by GlobalData
Enter your details here to receive your free Report.

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