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European Tech Analysis

IPO coming: HelloFresh raise $84.7 million, Valuation jumps

Posted on 17. September 2015 Written by Marcel Weiss

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.)

Filed Under: Links Tagged With: HelloFresh, Rocket Internet

Analysis and links to articles on the big picture of the tech industry and the networked information economy.

Author: Marcel Weiss is a writer, consultant and fighter for pareto-optima. He is thinking and linking from Berlin, Germany.

contact: marcel@neunetz.com

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