Delivery Hero launches venture capital fund to drive innovation in food delivery

Delivery Hero launches venture capital fund to drive innovation in food delivery

Published: 13-01-2021 14:25:01 | By: Bob Koigi | hits: 1626 | Tags:

Delivery Hero, the world’s delivery platform, has announced the launch of DX Ventures, an independently managed early-stage venture capital fund with a focus on investing in disruptive founder-led companies.

DX Ventures currently has initial capital of EUR 50 million to deploy globally and is fully funded by Delivery Hero SE.

The fund has a broad mandate to invest across a wide variety of industries, including on-demand services, food technology, sustainable innovation, artificial intelligence, fintech and logistics.

Duncan McIntyre, Managing Director of DX Ventures: “Being a family of founders, investing in entrepreneurship is an integral part of Delivery Hero’s journey. We understand the opportunities and challenges these startups are facing because we have gone through them ourselves. Delivery Hero has built a strong track record of investing in leading technology companies and gained a deep understanding of the global delivery and food industries. We pride ourselves on being able to offer support to founders and the companies we invest in and guide them on their path to lasting success.”

The DX Ventures team seeks to leverage global insights alongside local know-how to help founders grow outstanding companies. The fund’s approach is based on building long term partnerships with founders to provide support throughout the company lifecycle, including utilizing Delivery Hero’s deep technical expertise and extensive network of entrepreneurs around the globe.

Delivery Hero is known for its entrepreneurial and innovative mindset and has been supporting start-ups with venture capital for many years.

The DX Ventures team has been responsible for over EUR 500 million of minority investments across a wide range of industries, including global success stories such as Rappi, Glovo and Impossible Foods.