Niklas Östberg's startup has raised so many rounds of funding that he has almost lost track.
"I think officially we're probably on Series, oh, did we do H maybe?" says Östberg, cofounder and CEO of Delivery Hero, an online food-ordering service. Series H turns out to be the right answer. Delivery Hero periodically receives what Östberg calls "small" investments of $5 million to $20 million from individual investors. It gets hard to remember which round an investor joined.
Delivery Hero, four years old, has already raised more than $1 billion in financing. "I don’t think that the rush for an IPO is there any more," Ostberg says. "I think we could probably raise another billion without a problem." Read more...
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