Dmitry Falkovich’s Phenomen Ventures leads Delivery Hero’s $30 million round of financing
Phenomen Ventures, a $300 million international venture fund launched last year by Russian businessman Dmitry Falkovich, has led a $30 million Series D financing round for Delivery Hero, a Berlin-based food delivery startup operating globally. Delivery Hero’s existing investors, which include Russia’s Kite Ventures, also participated in the round.
“Delivery Hero is catching up quickly to become #1 in Europe and – in spite of heavy investment in growth – is on clear path to profitability by the end of this year,” Falkovich told East-West Digital News.
The fact that Phenomen Ventures is also an investor in Foodpanda, another Berlin-based startup that operates in the same field, did not pose any problem: “Both are great companies; and, of the 40 countries that these two startups cover between them, they actually intersect only in two,” Falkovich said.
Delivery Hero claims it generates over $400 million in annual turnover and “helps its partner restaurants deliver millions of monthly orders across 14 international markets.”