Big Money Monday: Trustpilot (Copenhagen) raises $25m, Delivery Hero (Berlin) orders $88m

Significant funding rounds in Europe: online food ordering network Delivery Hero (based in Berlin) has raised $88 million, while Copenhagen-based Trustpilot has secured $25 million in funding.
Big Money Monday: Trustpilot (Copenhagen) raises $25m, Delivery Hero (Berlin) orders $88m

You won't see many funding announcements here on, but the following ones are just too notable to ignore:

Delivery Hero scores $88 million round

Delivery Hero, the Berlin company behind the giant international online food ordering network with the same name, has secured $88 million in funding, reports the Berliner Morgenpost.

According to Gründerszene, the round gives lead investor Insight Venture Partners (Twitter, Tumblr, Flipboard, Indiegogo etc.) a 15-20 percent stake in the business, which is plausible.

The last (Series D) funding round Delivery Hero had raised was back in July 2013, when the company picked up $30 million (PDF) from Phenomen Ventures and prior investors, which include Team Europe, Kite Ventures, Ru-net, Tengelmann Ventures, Holtzbrinck Ventures and Point Nine Capital.

Home - Delivery Hero Holding

In a November 2013 press release (PDF), Delivery Hero said it had reached profitability in all of its core markets (Germany, Sweden, Finland, Austria and the UK), and expected to reach group-wide profitability by the end of last year. It now says it actually managed to do just that.

Delivery Hero is said to employ more than 700 people and serve more than 6 million customers today. Its biggest rivals are Just-Eat and Foodpanda.

Update: in a press release, Delivery Hero says it will "primarily use the funds to fuel growth in its existing markets and expanding its position as an innovation leader".

Delivery Hero says it currently provides online and mobile ordering capability for more than 55,000 restaurants in 14 countries, and that its restaurant partners generate more than half a billion (presumably American dollars) in annual sales.

Trustpilot closes $25 million round

Also this morning, ArcticStartups reported that Copenhagen, Denmark-based Trustpilot added $25 million to its war chest.

The fresh financing round was round led by DFJ Esprit's London and Menlo Park offices with prior backers participating, including SEED capital, Index Ventures, and Northzone.

Trustpilot bills itself as "Europe's largest and fastest-growing consumer review platform", with the ultimate goal of making online shopping experiences more transparent for customers. The company was founded in 2007 and now counts 160 employees in Copenhagen, London, and New York City.


Featured image credit: Lisa F. Young / Shutterstock

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