Here’s a list of today’s tech funding stories, updated as the day unfolds. Tip us here if you have a deal to share.
Rocket Internet’s huge appetite: Berlin giant pumps $568M in Delivery Hero
In one of its boldest bets ever, Berlin-based Rocket Internet announced today it was making massive investments in two of the world’s hottest food-delivery startups and creating a separate unit to oversee its sprawling empire of food-related stakes.
Rocket invested $568 million in Delivery Hero, the Berlin-based e-commerce startup that facilitates delivery from local restaurants. Rocket now has a 30 percent stake following the latest investment.
Rocket Internet invests $149M into Hello Fresh
Separately, Rocket invested $149 million into Hello Fresh, the Berlin-based company that delivers meal kits and recipes to subscribers. Rocket now has a 52 percent in that company, which it originally incubated back in 2011. For the moment, Hello Fresh is not being rolled into Rocket’s new food business unit.
This list will be updated with breaking funding news all day. Check back for more.