Delivery Hero, an online and mobile food ordering platform, has raised $350 million (€266 million) from investors including Insight Venture Partners, Kite Ventures and Vostok Nafta, bringing its 2014 funding total to $523 million (€398 million). This new financing is the fourth round of $80 million (€61 million) or higher that Delivery Hero has raised in the last 14 months. Its platform facilitates orders and deliveries from over 75,000 restaurants in 23 countries worldwide. Generating over $1 billion (€760 million) in annual sales, the company delivers more than 10 million meals per month.
VC invested in the global restaurant ordering and delivery platform space in 2014 is nearing $700 million (€532 million). Along with Delivery Hero's $523 million raised this year, foodpanda has raised $80 million through two rounds and Takeaway.com raised a $100 million+ (€76 million) round in April. GrubHub, which went public in April after raising $83 million (€63 million) in VC since 2007, currently has a market cap of over $3 billion (€2.3 billion).