The food delivery industry in Benelux has experienced significant growth in recent years, driven by changing consumer lifestyles and digital innovation. Companies range from multinational corporations to local startups, offering services like meal delivery, grocery shipping, and meal kit subscriptions. As more people seek convenience, we see an increase in options like ghost kitchens and ready-to-eat meals. The sector is projected to expand further, fueled by technology advancements and the rise of health-conscious choices in meal planning, reflecting an overall trend toward agile dining solutions.

This article highlights 14 investors actively shaping the food delivery sector in Benelux. Representing various investment types, the firms include prominent venture capital and private equity players. They are headquartered in powerhouse cities like Brussels, Luxembourg, and Amsterdam. Established between 1898 and 2022, these investors vary in size from small teams to large organizations managing thousands of employees. In 2024, they collectively engaged in over 170 deals, focusing on innovative food delivery startups and established brands alike.

Top 14 Food Delivery Investors in Benelux

1. Cvc

• Website: cvc.com
• Type: Private Equity
• Headquarters: Luxembourg
• Founded year: 2005
• Headcount: 1001-5000
• Number of deals in 2024: 16
• LinkedIn: cvc-capital-partners

CVC Capital Partners is a prominent investment firm founded in 2005, specializing in private equity, credit, secondaries, and infrastructure. With approximately €193 billion in assets under management for over 1000 clients, including pension funds and institutional investors, CVC focuses on delivering sustainable value and growth through strategic investments. Noteworthy transactions in the food delivery context include the acquisition of TelePizza, a major pizza delivery chain, and La Piadineria, a fast-casual dining establishment, both of which highlight CVC's commitment to investing in the food sector. Additionally, their acquisition of Zabka Polska, a convenience store chain that also offers food delivery options, further solidifies their presence in the food delivery market.

2. Prosus Group

• Website: prosus.com
• Type: Venture Capital
• Headquarters: Amsterdam, North Holland, Netherlands
• Founded year: 2019
• Headcount: 10001+
• Number of deals in 2024: 21
• LinkedIn: prosus-group

Prosus Group is a global technology investor and operator based in Amsterdam, Netherlands, focused on enhancing everyday life through technology. Founded in 2019, the firm operates across various sectors, including online classifieds, food delivery, payments, and education technology, serving over two billion customers worldwide. Prosus partners with local entrepreneurs to create valuable products and services, fostering community growth and sustainable business practices. In the food delivery space, Prosus has made significant investments, including a notable post-IPO equity investment in Delivery Hero, which raised over $777 million. They are also acquiring Just Eat Takeaway, the parent company of Thuisbezorgd, for €4.1 billion, which is expected to enhance their presence in the European meal delivery market. Furthermore, Prosus has been actively involved in funding rounds for Swiggy, contributing to multiple rounds that have raised substantial capital, indicating their strong commitment to the food delivery sector.

3. European Investment Bank (EIB)

• Website: eib.org
• Type: Corporate
• Headquarters: Luxembourg
• Founded year: 1958
• Headcount: 1001-5000
• Number of deals in 2024: 99
• LinkedIn: european-investment-bank

The European Investment Bank (EIB) is a public entity based in Luxembourg, established in 1958, that provides financial services including loans, equity investments, guarantees, and advisory services to support sustainable projects across various sectors. EIB's clientele includes both public and private organizations seeking funding for initiatives that promote growth and job creation. In the context of food delivery, EIB has been involved in several significant transactions, such as providing $93,450,084 in debt financing to Rohlik, a grocery delivery service, and $16,099,430 to CrowdFarming, which focuses on sustainable food delivery solutions. Additionally, EIB has supported Starship Technologies with $56,515,822 in debt financing, a company known for its autonomous delivery robots, further emphasizing its commitment to the food delivery sector.

4. Verlinvest

• Website: verlinvest.com
• Type: Venture Capital
• Headquarters: Brussels, Brussels, Belgium
• Founded year: 1995
• Headcount: 11-50
• Number of deals in 2024: 5
• LinkedIn: verlinvest

Verlinvest is a Brussels-based venture capital firm founded in 1995, specializing in high-growth consumer brands across various sectors, including food, beverage, health, and technology. The firm provides long-term capital and strategic advisory services to help brands scale and innovate. Notably, Verlinvest has made significant investments in the food delivery sector, including a $33.7 million Series B investment in Frichti, a French food delivery startup, and participation in an $80 million Series B funding round for Clone, a food tech startup. Additionally, they have invested in Epigamia, a yogurt maker, which, while not a direct food delivery service, contributes to the broader food ecosystem. These transactions highlight Verlinvest's commitment to supporting innovative food-related businesses, making them a relevant player in the food delivery investment landscape.

5. Astanor

• Website: astanor.com
• Type: Venture Capital
• Headquarters: Luxembourg
• Founded year: 2017
• Headcount: 11-50
• Number of deals in 2024: 10
• LinkedIn: astanor-venture

Astanor is an impact investment firm based in Luxembourg, founded in 2017, that specializes in the agrifood tech sector. They are dedicated to supporting innovative companies that aim to create sustainable food systems through strategic guidance and investment. Astanor's portfolio includes notable transactions such as La Ruche qui dit Oui, which raised funds to enhance local food delivery, and Heali AI, a platform that provides medically tailored meal suggestions, showcasing their commitment to food delivery and health. Other investments include Garten and v2food, which also contribute to the broader food ecosystem. Astanor leverages its expertise to drive growth and sustainability in the agrifood sector, making them a relevant player in the food delivery investment landscape.

6. Sgh

• Website: sghcapital.com
• Type: Venture Capital
• Headquarters: Luxembourg
• Founded year: 2015
• Headcount: 1-10
• Number of deals in 2024: 3
• LinkedIn: sghcapital

SGH Capital is a venture capital firm founded in 2015, based in Luxembourg, that specializes in investing in early and mid-stage disruptive companies across various sectors, including fintech and blockchain. They provide capital and strategic support to innovative businesses primarily in the US and western Europe. Notably, SGH Capital has made several investments in the food delivery space, including:1. **Freshtohome** - Raised an undisclosed amount in Series A on February 5, 2017, focusing on delivering fresh food products directly to consumers.2. **Chewse** - Invested $700,000 in a Seed Round on February 23, 2015, which provides meal delivery services for workplaces, catering to the growing demand for convenient food options.3. **Onfleet** - Participated in multiple funding rounds, including a Seed Round that raised $2,600,000 on November 16, 2016. Onfleet aims to improve local delivery efficiency, which is essential for food delivery operations.4. **Deliver.ee** - Invested in this company during its Seed Round on March 1, 2014, which is focused on food delivery logistics.These investments highlight SGH Capital's commitment to supporting companies that enhance food delivery services and logistics, positioning them as a relevant player in this industry.

7. Rockstart

• Website: rockstart.com
• Type: Venture Capital
• Headquarters: Amsterdam, North Holland, Netherlands
• Founded year: 2011
• Headcount: 11-50
• Number of deals in 2024: 16
• LinkedIn: rockstart

Rockstart is a startup accelerator and investment firm based in Amsterdam, Netherlands, founded in 2011. The firm empowers early-stage founders in sectors like AgriFood, Energy, and Emerging Technology by providing investment, mentorship, and networking opportunities to help startups scale and succeed. In the food delivery context, Rockstart has participated in several relevant transactions, including ChefMe, a Danish chef booking platform that raised €700K in a pre-seed funding round, and Orderlion, a Vienna-based food supply chain startup that aims to revolutionize the ordering process between gastronomy and food and beverage wholesalers. These investments highlight Rockstart's commitment to supporting innovative solutions within the food delivery and supply chain sectors, making them a significant player in this space.

8. Jab Holding Company LLC

• Website: jabholco.com
• Type: Private Equity
• Headquarters: Amsterdam, North Holland, Netherlands
• Founded year: 2007
• Headcount: 10001+
• Number of deals in 2024: 1
• LinkedIn: jab-holding-company-llc

JAB Holding Company LLC is a private equity investment firm based in Amsterdam, Netherlands, founded in 2007. The firm specializes in consumer goods and services, with a strong focus on long-term investments and sustainable value creation. JAB has made significant strides in the food and beverage sector, acquiring notable companies such as Panera Bread for over $7 billion in 2017, which is a major player in the fast-casual dining and food delivery market. In 2018, JAB acquired Pret a Manger, a well-known sandwich and coffee shop chain, further solidifying its presence in the food service industry. Additionally, JAB's acquisition of the Einstein Noah Restaurant Group and Espresso House highlights its commitment to investing in food-related businesses. These transactions demonstrate JAB's active role in the food delivery and dining sectors, making it a relevant investor in this space.

9. Sofina

• Website: sofinagroup.com
• Type: Venture Capital
• Headquarters: Brussels, Brussels, Belgium
• Founded year: 1898
• Headcount: 51-200
• Number of deals in 2024: 4
• LinkedIn: sofina

Sofina is a Brussels-based investment company founded in 1898, specializing in providing patient capital to growing businesses across various sectors, including telecommunications, consumer goods, and energy. The firm partners with entrepreneurs and family-owned businesses, offering strategic advice and long-term investment solutions to foster sustainable growth. In the food delivery context, Sofina has made significant investments, including a $171.5 million funding round for Rohlik in June 2024 and a $450 million investment in Missfresh in September 2018. Additionally, Sofina led a Series C funding round for Lemonilo, a healthy food startup, which highlights its interest in food-related ventures. These transactions underscore Sofina's active role in the food delivery industry and its commitment to supporting innovative food businesses.

10. VentureFriends

• Website: venturefriends.vc
• Type: Venture Capital
• Headquarters: Netherlands
• Founded year: 2016
• Headcount: 1-10
• Number of deals in 2024: 8
• LinkedIn: venturefriends

VentureFriends is a venture capital firm based in the Netherlands, founded in 2016, that specializes in early-stage investments in startups. They provide financial backing and strategic support to ambitious founders, particularly in sectors like FinTech and PropTech. In addition to these sectors, VentureFriends has shown interest in the food delivery industry through their investments in relevant startups. Notably, they participated in a $4 million seed round for Orchata, a Mexican on-demand grocery delivery platform, and invested in Kitchenful, a meal planner startup that aims to expand into the EU and North America. Their involvement in these transactions highlights their commitment to supporting innovative solutions in the food delivery space, alongside their broader investment strategy.

11. Market One Capital

• Website: moc.vc
• Type: Venture Capital
• Headquarters: Luxembourg
• Founded year: 2017
• Headcount: 11-50
• Number of deals in 2024: 7
• LinkedIn: m1c

Market One Capital is a venture capital firm based in Luxembourg, founded in 2017. The firm specializes in investing in innovative startups across various sectors, including FinTech, HealthTech, and AgriTech. In the food delivery context, Market One Capital has made significant investments in companies such as JOKR, an express delivery startup that raised $260 million in a Series B funding round, and $170 million in a Series A round, showcasing their commitment to the food delivery space. They also invested in Kitch, which raised $3,946,871 in a Seed Round, indicating their interest in food-related services. Additionally, they have supported Lunching.pl, a food delivery platform that raised funds in a Seed Round. These transactions highlight Market One Capital's strategic backing of innovative food delivery solutions, aligning with their mission to help businesses grow and succeed in their respective markets.

12. Ahold Delhaize

• Website: aholddelhaize.com
• Type: Corporate
• Headquarters: Zaandam, North Holland, Netherlands
• Founded year: 2016
• Headcount: 10001+
• LinkedIn: ahold-delhaize

Ahold Delhaize is a corporate investor based in Zaandam, North Holland, Netherlands, founded in 2016. As a grocery retailer, it operates a diverse range of food retail formats, including supermarkets and online grocery services, serving millions of consumers weekly. Ahold Delhaize has made significant investments to enhance its e-commerce capabilities, notably acquiring FreshDirect for approximately $325 million to $350 million, which aims to strengthen its online grocery delivery services in the New York Metro market. Other notable transactions include the acquisition of Profi Rom Food, which expands its grocery operations in Romania, and the purchase of bol.com, a leading retail website in the Netherlands, further enhancing its online presence. These strategic acquisitions reflect Ahold Delhaize's focus on innovation in retail and community engagement, particularly in the food delivery sector.

13. Citius

• Website: citius.vc
• Type: Private Equity
• Headquarters: Luxembourg
• Founded year: 2018
• Headcount: 1-10
• Number of deals in 2024: 1
• LinkedIn: s7v

Citius is a private equity investment firm based in Luxembourg, founded in 2018. The firm specializes in funding technology-enabled companies and aims to build long-term relationships with its partners by providing investment management and advisory services. Citius has been involved in several notable transactions in the food delivery and grocery sectors, including a Series B investment in Jüsto, a Mexico City-based online grocer that raised $152 million to expand into new markets. They also participated in a Series B round for Astro, an Indonesian company that offers 15-minute grocery delivery through a network of 'dark stores,' raising $60 million to enhance user acquisition and product development. Additionally, Citius invested in Frubana, which raised significant funds in Series B and C rounds, focusing on the food supply chain. These transactions demonstrate Citius's active engagement in the food delivery industry.

14. V3 Ventures

• Website: v3.ventures
• Type: Venture Capital
• Headquarters: Brussels, Brussels, Belgium
• Founded year: 2022
• Headcount: 1-10
• Number of deals in 2024: 9
• LinkedIn: v3-venture

V3 Ventures is a venture capital firm based in Brussels, Belgium, founded in 2022. The firm specializes in investing in early-stage consumer businesses across various sectors, including wellness, food, and lifestyle. V3 Ventures aims to support founders by providing capital and strategic guidance to help them build strong brands and achieve growth. Notably, they have made significant investments in the food delivery space, including a $2 million investment in Dil Foods, a Bengaluru-based virtual restaurant operator, which aims to expand geographically and empower partner restaurants. They also participated in the Series A funding for Salad Days, raising over $3.4 million, and have shown interest in other food-related ventures like Creme Castle. These transactions highlight V3 Ventures' commitment to the food delivery industry and their role in supporting innovative food businesses.

Food Delivery Insights: Key Investors in Benelux

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