Funds advised by Baillie Gifford, a UK investment manager, will invest around €75m in Rocket Internet Start-up HelloFresh. HelloFresh operates a delivery service for home-cooked meals and is now delivering over 4 million meals per month to households for home cooking in seven countries. HelloFresh is currently valued at €2.6bn. The main shareholder is Rocket Internet SE. Further investors currently include Insight Venture Partners, Phenomen Ventures and Vorwerk Direct Selling Ventures.

Hengeler Mueller advised Baillie Gifford on the financing round. The Hengeler Mueller team included partners Jens Wenzel (M&A/Venture Capital, Berlin) and Daniel Kress (M&A/Venture Capital, London) as well as associates Nadine Hartung, Marvin-Vesper-Gräske (both M&A, Berlin), Thomas Nebel and Martin Tasma (both M&A/London).