Delivery Hero Raised $110m at a $3.1bn Valuation

Delivery Hero, a takeout food service based in Berlin, raised $110m at a valuation of over $3.1bn.  Investors in the round were not named, but described as “leading public market investors” out of the U.S.  This round brings total capital raised by the company to $1bn, with nearly $600m raised this year.  Previous investors in Delivery Hero include Insight Venture Partners, General Atlantic, and Rocket Internet.

Delivery Hero CEO Niklas Östberg told TechCrunch that he thinks the company is in a position to IPO this year, but wants to “wait until we see a clear benefit from it.”

Delivery Hero is a member of the Triton Research IPO Watchlist, a continuously updating database of companies we expect to either IPO or be acquired.  The current IPO Watchlist is comprised of 106 companies organized by investment theme.