The German food delivery giant will look to deploy its new early-stage venture capital fund across the world in everything from foodtech and on-demand services, to AI and sustainable innovation.
Already boasting a strong presence in UAE thanks to its acquisition of Delivery Hero and its leading of a $5.5 million investment in Quiqip, German giant, Delivery Hero, is looking to dig further into ecosystems in MENA and across the world with a new early-stage venture capital fund.
DX Ventures will, in the words of Delivery Hero, target disruptive, founder-led startups, an aim backed by a very healthy $60+ million (EUR 50 million). Looking to invest across a range of industries including on-demand services, foodtech, sustainable innovation, fintech, logistics and AI, Delivery Hero sees the launch of the fund as a natural progression.
"Being a family of founders, investing in entrepreneurship is an integral part of Delivery Hero’s journey,” said Duncan McIntyre, Managing Director of DX Ventures. “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.”
It's the latter point that will also have relevant startups in MENA rubbing their hands in anticipation. McIntyre and co. will leverage Delivery Hero's extensive global insights, as well as its local know-how, to help grow the most innovative startups it comes by. Beyond the funding, the company hopes to foster and nurture long-standing relationships to offer support throughout the startupo's lifecycle.
Learn more about the fund here.
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