The corporate venturing unit of Germany-based retail company Tengelmann and Russia-based technology company Ru-Net have helped online takeaway service Delivery Hero raise €40m ($50.2m), in series D funding led by Kite Ventures.
The round brings in venture debt provider Kreos Capital and doubles Delivery Hero’s total funding to €80m. Delivery Hero’s previous investors as well as Tengelmann Ventures, Ru-Net and Kite Ventures, also include venture firms Holtzbrinck Ventures, and Point Nine Capital, with incubator Team Europe providing the initial…
