Delivery Hero, the globally local delivery platform sprung out of Berlin, is launching a VC fund, formalising its ongoing investments in early-stage startups around the world. The company has equipped DX Ventures, an independently managed early-stage fund, with an initial €50 million. The news comes just days after Delivery Hero announced it’s raising €1.2 billion in a new share offering. DX Ventures will invest in ‘disruptive founder-led companies’ across a range of industries, including on-demand services, food technology, sustainable innovation, artificial intelligence, fintech and logistics.
The German foodtech company, which went public back in 2017, has been investing in startups for a while already. This past summer Delivery Hero announced minority investments in a few sustainable foodtech startups. A press release claims the DX Ventures team has been responsible for over €500 million of investments across a wide range of industries, including global success stories such as Rappi, Glovo and Impossible Foods.