VC-backed HelloFresh raises €75m

Existing investors include Rocket Internet, Insight Venture Partners, Phenomen Ventures and Vorwerk Direct Selling Ventures. Rocket remains the majority shareholder, owning 57.2% of the company.

HelloFresh's high valuations stirred speculations about a possible IPO. The company last week confirmed that it is considering floating.

The food delivery business stated it had grown 392% in 2014 compared to 2013 and is reporting positive growth for the current financial year as well.

Previous funding
HelloFresh raised €110m in February 2015, with Rocket Internet providing €100m and Insight Venture Partners the remaining €10m. At that point, the company was valued at €623.8m.

Holtzbrinck Ventures invested in HelloFresh in July 2012, but sold its stake in August 2014 prior to the Rocket Internet IPO. Vorwerk committed to the company's $10m series-B funding round the same year.

Phenomen led a $7.5m series-C round in September 2013, in which both previous backers also invested. In June 2014, Insight led the company's $50m series-D funding round, which saw Phenomen also invest.

Company
Founded in November 2011 and headquartered in Berlin, HelloFresh delivers weekly meal kits including recipes and fresh ingredients to its customers. It operates in Germany, Austria, the Netherlands, Belgium, the UK, the US and Australia. HelloFresh has a headcount of 400 and reported net revenues of €70m for 2014.

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• Topics
• DACH
• Consumer
• Expansion
• Germany
• unq2015oct