A few days after raising €1.2B with a capital increase, Delivery Hero, a Berlin-based food delivery platform, has launched an independently managed early-stage venture capital fund – DX Ventures. With the fund, the German company is planning to invest in disruptive founder-led companies.
Duncan McIntyre, Managing Director of DX Ventures, says: “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.”
Plans to deploy €50M initial capital
At present, DX Ventures has an initial capital of €50M to invest in startups across various industries including, on-demand services, food technology, sustainable innovation, artificial intelligence, fintech, and logistics.
Duncan McIntyre, who joined Delivery Hero in 2014, heads DX Ventures. Notably, he has helped the company with its listing on the Frankfurt stock exchange in 2017, and expansion into the different markets as well through over 30 M&A transactions.