Phenomen Ventures invests $20M in Delivery Hero

Phenomen Ventures invests $20M in Delivery Hero German delivery menu service Delivery Hero attracted $30M from several investors. Phenomen Ventures invested $20M, the rest investment has been received from Fund ru-Net and existing investors - Team Europe, Holtzbrinck Ventures, Tengelmann Ventures, Point Nine, Kreos Capital and Russian Kite Ventures. Information about company take is not public.

Delivery Hero was founded in October 2010, headquarter is located in Berlin. The company works in Germany, Austria, Australia, Denmark, Finland, Sweden, Switzerland, South Korea, China, India, Mexico, Poland, UK and Russia. In 2012 the amount of business was $400M. In February 2013 company`s network of partners numbered 34 thousands of restaurants. Earns on commission from an order (about 10%).

Delivery Hero increases in size approximately 100% per year, and despite the existing investments in business development, 2013 will end up with company profit, believes Dmitry Falkovich. According to his opinion, online segment of delivery menu has multiple potential for growth both in developed countries and emerging markets.