Delivery Hero establishes venture capital fund

Delivery Hero only went public in 2017, and now the group wants to invest itself and is launching its venture capital fund DX Ventures for this purpose. At the beginning, 50 million euros are available.

The rise of delivery company Delivery Hero continues: ten years ago the company was founded in Berlin, in 2017 it went public. For several years, the company has been buying up various competitors like the Latin American company Glovo last year. Now Delivery Hero wants to invest in start-ups in the fields of food, artificial intelligence, logistics, sustainability and on-demand service with its own investment arm. This is not uncommon for DAX companies, which use it to combine their own knowledge with the innovations of tomorrow, thus securing the best ideas before the competition.

"We understand the opportunities and challenges these startups face because we've been through them ourselves," says Duncan McIntyre, who is managing director in charge of DX Ventures, as the investment division is called. He joined Delivery Hero in 2014 and oversaw the company's IPO.

A condition for participation of the fund is that the startups are in the hands of the founders. Initially, 50 million Euron is available. Delivery Hero has already put 500 million euros in minority investments, which are now also allocated to DX Ventures. These include the aforementioned Glovo, as well as Rappi, which is brought by McIntyre and is also a food delivery service, and Bio-Lutions and wisefood, both dedicated to sustainable packaging manufacturing.