Tech.eu: HelloFresh raise $84.7 million:
Led by Baillie Gifford, the Scottish investment bank, HelloFresh, the Berlin-based company that delivers meal kits to subscribers for them to make their own meals has raised a further $84.7 million which now gives them a valuation of $2.9 billion.
(..)
They had previously raised a total of $193.5 million, with their last post-money valuation given as $705 million, a multiple of approximately x3.4 of total funding raised. Despite only raising a further $84.7 million, their post-money valuation has now jumped to a multiple of approximately x11 of total money raised, indicating that Baillie Gifford paid a premium. This is supported by Venture Beat reporting that despite the size of the investment Rocket Internet will only see its share of the company drop from 58.9 to 57.2%.
I smell an IPO coming. This is Rocket Internet IPO Playbook. (And a year after Rockets own IPO they need a big exit for the machine to continue rolling on.)