Total amount raised
$1.4 Billion
Latest funding date
9/1/2024
Location
Flink has successfully raised funding over eight rounds, with the latest being a Venture - Series Unknown round. The company is backed by 15 investors, including notable names like Northzone and Bond.
Keep reading to explore the intricacies of Flink's fundraising journey and the investors backing this innovative platform.
What Is Flink?
Flink is an online startup that offers grocery deliveries in ten minutes. The company operates in the e-commerce, food and beverage, food delivery, grocery, and mobile apps sectors.
Based in Berlin, Germany, Flink has a significant workforce, with an employee count ranging between 5001 and 10000. The company is private and has raised funding through multiple rounds, with the latest being a Venture - Series Unknown round.
How Much Funding Has Flink Raised?
- Pre-Seed Round
- Amount Raised: USD 12,000,000
- Date: March 2021
- Lead Investors: Cherry Ventures, Northzone
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish initial operations and develop the platform.
- Seed Round
- Amount Raised: USD 52,000,000
- Date: March 2021
- Lead Investors: Target Global
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market presence and enhance technology infrastructure.
- Series A
- Amount Raised: USD 240,000,000
- Date: June 2021
- Lead Investors: Bond, Mubadala Capital Ventures, Prosus
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enter new markets.
- Series B
- Amount Raised: USD 750,000,000
- Date: December 2021
- Lead Investors: DoorDash
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand and solidify market leadership.
- Corporate Round
- Amount Raised: USD 65,000,000
- Date: May 2022
- Lead Investors: Carrefour
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To strengthen strategic partnerships and enhance service offerings.
- Series Unknown
- Amount Raised: USD 150,000,000
- Date: May 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue growth and improve operational efficiency.
- Debt Financing
- Amount Raised: USD 35,000,000
- Date: September 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing operational costs and expansion plans.
- Series Unknown
- Amount Raised: USD 115,000,000
- Date: September 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Just under USD 1 billion
- Motivation Behind the Round: To expand footprint and improve operational efficiency.
Total Amount Raised: USD 1,417,000,000. Current Valuation: Just under USD 1 billion.
Key Investors
- Northzone
- Details: Northzone is a venture capital firm that has participated in multiple funding rounds for Flink. They are known for their early-stage investments in technology-driven companies.
- Investment Focus Areas: Technology, fintech, consumer internet.
- Notable Investments: Spotify, Klarna, Trustpilot.
- Bond
- Details: Bond is a venture capital firm that focuses on high-growth technology companies. They are one of the most recent investors in Flink.
- Investment Focus Areas: Technology, consumer internet, enterprise software.
- Notable Investments: Canva, Stripe, DoorDash.
- Mubadala
- Details: Mubadala is a global investment company with a diversified portfolio. They participated in Flink's recent funding round.
- Investment Focus Areas: Technology, healthcare, real estate.
- Notable Investments: SoftBank Vision Fund, C3.ai, Waymo.
- REWE
- Details: REWE is a major retail and wholesale company. They are an existing preferred partner and investor in Flink.
- Investment Focus Areas: Retail, wholesale.
- Notable Investments: Primarily focused on its own retail operations.
- Target Global
- Details: Target Global is a venture capital firm that led Flink's Seed round. They invest in technology companies across various stages.
- Investment Focus Areas: Technology, mobility, fintech.
- Notable Investments: Auto1 Group, Delivery Hero, WeFox.
What's Next for Flink?
Flink's future looks promising with significant opportunities on the horizon. The company plans to expand its operations in Germany and the Netherlands, aiming to open 30 more locations in the next year. This expansion, coupled with a partnership with Just Eat Takeaway, positions Flink to potentially generate $600 million in gross revenue in 2024.
Future fundraising opportunities are likely as Flink continues to attract investments from both existing and new investors. The company may also be a target for mergers or acquisitions, given the interest from larger players in the industry. However, Flink will need to navigate intense competition and focus on achieving profitability by Q2 2025 to sustain its growth.
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