The food delivery industry in the DACH region includes a wide array of companies that provide quick and convenient access to meals. These organizations range from large food delivery platforms to niche meal kit services, catering to evolving consumer appetites. As busy lifestyles increase, so too does the demand for fast, reliable delivery services, prompting innovations in technology and supply chains. Emerging trends include partnerships with local restaurants and emphasis on sustainable practices, showcasing the industry's adaptive nature. With consumers eager for convenience, the sector anticipates continued growth, especially in the areas of meal prep kits and specialty dietary options.


The list features a mix of 13 investors actively underwriting the food delivery sector in DACH. From private equity firms like Partners Group in Switzerland to venture capital entities such as HV Capital in Germany, these investors come from varied backgrounds. Most investors are relatively small, with many employing teams of fewer than 50. Notably, 2024 saw significant activity across the board, with several firms making multiple strategic investments, showcasing a vibrancy that aligns with the sector's upward trajectory.


Top 13 Food Delivery Investors in DACH


1. Delivery Hero


Delivery Hero SE is a corporate investor based in Berlin, Germany, founded in 2011. As a leading food delivery service and quick commerce provider, Delivery Hero operates in over 70 countries, connecting consumers with a diverse range of restaurants and shops for fast delivery of food and household items. The company has made significant investments in the food delivery sector, including acquiring a 5.09% minority stake in British food delivery company Deliveroo for 335 million euros in 2021, which reflects their strategy to enhance their market position. Additionally, they acquired 100% of Foodora from Rocket Internet to strengthen their presence in the global food delivery market. Other notable transactions include the acquisition of Czech and Slovak food delivery brands Damejidlo and Jidloted, as well as investments in PedidosYa, which raised substantial funding in multiple rounds. These transactions highlight Delivery Hero's focus on growth and expansion within the food delivery industry.


2. Rocket Internet SE


Rocket Internet SE is a venture builder based in Berlin, Germany, founded in 2007. The firm specializes in incubating and investing in internet and technology companies globally, providing operational support and capital to entrepreneurs. Rocket Internet has made notable investments in the food delivery sector, including the acquisition of foodora in April 2015, which marked a significant expansion into the food delivery market. Additionally, in March 2015, Rocket Internet acquired a 30% stake in Delivery Hero for €496 million, further strengthening its influence in the European food delivery landscape. The firm also acquired major food delivery businesses such as La Nevera Roja and Pizzabo, enhancing its portfolio in this sector. Furthermore, Rocket Internet fully acquired Talabat.com, the leading online food delivery service in the Middle East, for €150 million in February 2015. These transactions highlight Rocket Internet's active role and investment strategy within the food delivery industry.


3. Blue Horizon

  • Website: bluehorizon.com
  • Type: Venture Capital
  • Headquarters: Zurich, Zurich, Switzerland
  • Founded year: 2016
  • Headcount: 11-50
  • Number of deals in 2024: 2
  • LinkedIn: bluehorizoncorp

Blue Horizon is a Zurich-based venture capital firm founded in 2016, dedicated to investing in sustainable food systems. The firm supports mission-aligned founders in the bioeconomy by providing funding and resources to scale innovative solutions, particularly in alternative proteins and sustainable practices. Notable transactions include investments in Veestro, a company that raised $1.7 million for its plant-based meal delivery service, and Alpha Foods, which raised $28 million to expand its plant-based product offerings. These investments highlight Blue Horizon's commitment to supporting entrepreneurs in the sustainable food sector, making them a significant player in the food delivery landscape.


4. FoodLabs

  • Website: foodlabs.com
  • Type: Venture Capital
  • Headquarters: Berlin, Berlin, Germany
  • Founded year: 2016
  • Headcount: 11-50
  • Number of deals in 2024: 11
  • LinkedIn: atlantic-food-labs

FoodLabs is an investment firm and food technology incubator based in Berlin, founded in 2016. They specialize in supporting innovative startups in the food tech sector, providing both investment and consulting services to entrepreneurs. Their mission is to promote sustainable food solutions and address global challenges related to food security and health. Notably, FoodLabs has been involved in several significant transactions in the food delivery space, particularly with Gorillas, a grocery delivery startup. They participated in multiple funding rounds for Gorillas, including the Seed Round in August 2020, Series A in November 2020, Series B in March 2021, and Series C in October 2021, which collectively raised substantial capital to enhance Gorillas' operations and market presence. Additionally, FoodLabs invested in Kitch, a startup that aligns with the food delivery ecosystem, further solidifying their relevance in this sector.


5. Nestlé

  • Website: nestle.com
  • Type: Corporate
  • Headquarters: Vevey, Vaud, Switzerland
  • Founded year: 1866
  • Headcount: 10001+
  • Number of deals in 2024: 2
  • LinkedIn: nestle-s-a-

Nestlé S.A. is a multinational food and beverage company based in Vevey, Vaud, Switzerland, founded in 1866. With over 10,000 employees, Nestlé offers a diverse range of products including coffee, dairy, and pet care items. The company serves both consumers and businesses, providing nutritious and convenient food options while operating globally with a commitment to sustainability. In recent years, Nestlé has made strategic investments in the food delivery sector, including the acquisition of Mindful Chef, a meal kit company, and SimplyCook, which focuses on recipe kits. Additionally, they invested $100M in Wonder to enhance its B2B food delivery services. These transactions highlight Nestlé's commitment to expanding its presence in the food delivery market, making it a relevant player in this industry.


6. HV Capital

  • Website: hvcapital.com
  • Type: Venture Capital
  • Headquarters: Flensburg, Schleswig-Holstein, Germany
  • Founded year: 2000
  • Headcount: 11-50
  • Number of deals in 2024: 28
  • LinkedIn: hvventures

HV Capital is a venture capital firm based in Flensburg, Schleswig-Holstein, Germany, founded in 2000. The firm specializes in investing in digital companies and provides capital and strategic guidance to startups from seed stage to exit. With over €2.8 billion under management, HV Capital has been instrumental in supporting entrepreneurs across Europe. Notably, they have invested in key players in the food delivery space, including Delivery Hero, where they participated in multiple funding rounds (Series C and D), and HelloFresh, contributing to their Series B and C rounds. These investments highlight HV Capital's engagement in the food delivery industry, alongside their broader focus on digital companies.


7. Partners Group

  • Website: partnersgroup.com
  • Type: Private Equity
  • Headquarters: Baar, Zug, Switzerland
  • Founded year: 1996
  • Headcount: 1001-5000
  • Number of deals in 2024: 19
  • LinkedIn: partners-group

Partners Group Holding AG is a prominent investment management firm based in Baar, Zug, Switzerland, specializing in private equity, private infrastructure, private real estate, and private debt. Founded in 1996, the firm manages over USD 149 billion in assets and is recognized for its innovative investment strategies and commitment to sustainability. Among their notable transactions, Partners Group acquired Hofmann Menu Manufaktur in December 2013, which is a significant player in the food delivery space, providing customized 'cook & freeze' products. This acquisition highlights their strategic interest in the food sector. Additionally, they have been involved in various other investments, such as the acquisition of Pacific Bells, which, while not directly related to food delivery, showcases their broad investment approach. Overall, Partners Group's diverse portfolio and specific engagement in the food sector through Hofmann Menu Manufaktur position them as a relevant investor in the food delivery industry.


8. TA Ventures

  • Website: taventures.vc
  • Type: Venture Capital
  • Headquarters: Frankfurt, Hesse, Germany
  • Founded year: 2010
  • Headcount: 11-50
  • Number of deals in 2024: 5
  • LinkedIn: ta-ventures

TA Ventures is a venture capital firm based in Frankfurt, Hesse, Germany, founded in 2010. The firm specializes in early-stage technology startups across various sectors, including HealthTech and FinTech, while also showing a notable interest in the food delivery industry. Among their relevant transactions, they invested in Green Chef, a meal kit delivery service, and Marley Spoon, which raised $3.5 million in a Series A round. Additionally, they have supported OVO, a fruit and vegetable delivery service, with multiple seed investments totaling over $775,000. This diverse portfolio highlights TA Ventures' strategic approach to investing in innovative food delivery solutions, alongside their broader technology focus.


9. Tet Ventures

  • Website: tet.vc
  • Type: Corporate
  • Headquarters: Berlin, Berlin, Germany
  • Founded year: 2020
  • Headcount: 1-10
  • Number of deals in 2024: 4
  • LinkedIn: tetvc

Tet Ventures is a corporate venture capital firm based in Berlin, Germany, founded in 2020. The firm invests in teams focused on rebuilding the global food system, primarily within the food technology sector. They provide financial support and advisory services to startups, helping them tackle significant challenges in the industry. Notably, Tet Ventures has participated in several relevant transactions, including a seed investment in Gorillas, a company that offers rapid grocery delivery services, raising $1,415,310 in August 2020. They also invested $85 million in Airlift Technologies in August 2021, which specializes in on-demand delivery. Furthermore, their involvement with Buffalo Market, which raised $4 million in a seed round and later $15 million in a Series A round, highlights their commitment to supporting innovative distribution solutions in the food sector. These transactions underscore Tet Ventures' active role in the food delivery industry.


10. Point Nine

  • Website: pointnine.com
  • Type: Venture Capital
  • Headquarters: Berlin, Berlin, Germany
  • Founded year: 2011
  • Headcount: 11-50
  • Number of deals in 2024: 16
  • LinkedIn: point-nine-capital

Point Nine is a venture capital firm based in Berlin, Germany, founded in 2011. The firm specializes in investing in early-stage companies, particularly in the SaaS, enterprise software, and B2B marketplace sectors. They provide funding at the seed stage and are committed to participating in subsequent funding rounds to help startups access the capital needed for growth. Notably, Point Nine has been involved in several significant transactions in the food delivery sector, including multiple funding rounds for Delivery Hero, a leading food delivery service. They participated in Delivery Hero's seed round in December 2010, followed by Series A in March 2011, Series C in April 2012, and Series D in July 2013, showcasing their long-term support for the company. Additionally, Point Nine invested in Marley Spoon, a Berlin-based curated recipe kit service, during its Series A financing round in November 2014. These transactions highlight Point Nine's engagement in the food delivery industry, despite their broader focus on technology startups.


11. Cherry Ventures

  • Website: cherry.vc
  • Type: Venture Capital
  • Headquarters: Berlin, Berlin, Germany
  • Founded year: 2012
  • Headcount: 11-50
  • Number of deals in 2024: 25
  • LinkedIn: cherry-ventures

Cherry Ventures is a Berlin-based venture capital firm founded in 2012, specializing in early-stage investments across Europe. The firm focuses on providing capital, mentorship, and resources to innovative startups in various sectors, including SaaS and mobility. Notably, Cherry Ventures has made significant investments in the food delivery industry, including a $52 million seed round for Flink, a grocery delivery startup, and participation in a $750 million Series B funding round for the same company. They also invested in HappyFresh, a food delivery service, showcasing their commitment to supporting companies that aim to create lasting impact in the food delivery sector. With a total of 25 investments in 2024, Cherry Ventures continues to be an active player in the venture capital landscape.


12. Beyond Impact VC


Beyond Impact VC is a venture capital firm based in Montreux, Vaud, Switzerland, founded in 2017. The firm specializes in investing in sustainable and animal-free products and services, focusing on early-stage companies that promote vegan lifestyles and technologies that replace animal-derived products. Notable transactions include investments in The Vurger Co., a plant-based burger company, and Wicked Foods, which offers a range of plant-based food products. Additionally, they have invested in Nowadays, a health-focused plant-based meat company, which is developing innovative plant-based chicken products. These investments reflect Beyond Impact VC's commitment to supporting innovative and compassionate business models in the food sector, particularly those that align with the growing trend of plant-based eating and delivery options.


13. Seedstars

  • Website: seedstars.com
  • Type: Venture Capital
  • Headquarters: Carouge, Geneva, Switzerland
  • Founded year: 2012
  • Headcount: 201-500
  • Number of deals in 2024: 6
  • LinkedIn: seedstars

Seedstars is a venture capital firm based in Carouge, Geneva, Switzerland, founded in 2012. The firm focuses on supporting startups and entrepreneurs in emerging markets through various programs, including acceleration and growth initiatives, investment readiness, and entrepreneurship hubs. Seedstars collaborates with governments, investors, and development agencies to foster entrepreneurial ecosystems and drive social and economic development. Among their notable transactions, they have invested in Ando Foods, which raised $200,000 in a Pre-Seed round in September 2021, indicating their involvement in the food delivery sector. Additionally, they have invested in other startups like Tupuca and OlaClick, which may also have relevance to food delivery, showcasing their diverse investment portfolio.



Food Delivery Insights: Key Investors in DACH


InvestorHeadquarterSizeFoundedDeals 2024
Delivery HeroBerlin, Berlin, Germany10001+20110
Rocket Internet SEBerlin, Berlin, Germany201-50020070
Blue HorizonZurich, Zurich, Switzerland11-5020162
FoodLabsBerlin, Berlin, Germany11-50201611
NestléVevey, Vaud, Switzerland10001+18662
HV CapitalFlensburg, Schleswig-Holstein, Germany11-50200028
Partners GroupBaar, Zug, Switzerland1001-5000199619
TA VenturesFrankfurt, Hesse, Germany11-5020105
Tet VenturesBerlin, Berlin, Germany1-1020204
Point NineBerlin, Berlin, Germany11-50201116
Cherry VenturesBerlin, Berlin, Germany11-50201225
Beyond Impact VCMontreux, Vaud, Switzerland1-1020172
SeedstarsCarouge, Geneva, Switzerland201-50020126


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