Total amount raised
$1.3 Billion
Latest funding date
6/1/2022
Location
Gorillas has successfully raised funding over six rounds, with significant backing from investors like Google for Startups and Alanda Capital Management. The latest funding was secured through a Non-equity Assistance round.
Keep reading to explore the intricacies of Gorillas' fundraising journey and the investors backing this innovative delivery startup.
What Is Gorillas?
Gorillas is a delivery startup based in Berlin, Germany, specializing in grocery and household item deliveries. The company operates in the delivery, e-commerce, and grocery sectors and has been acquired by Getir.
Founded with a mission to revolutionize the delivery industry, Gorillas has grown rapidly and now employs over 10,001 people. The company has successfully raised funding over six rounds, backed by 24 investors, including Google for Startups and Alanda Capital Management.
How Much Funding Has Gorillas Raised?
- Seed Round
- Amount Raised: EUR 1,200,000
- Date: August 2020
- Lead Investors: FoodLabs
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish initial operations and validate the business model.
- Series A
- Amount Raised: USD 44,000,000
- Date: November 2020
- Lead Investors: Coatue
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand operations and build out the network of dark grocery stores.
- Series B
- Amount Raised: USD 290,000,000
- Date: March 2021
- Lead Investors: Coatue, DST Global, Tencent
- Valuation at Round: Above USD 1 billion
- Motivation Behind the Round: To support expansion and scaling of operations, particularly into new markets.
- Secondary Market
- Date: September 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and employees.
- Series C
- Amount Raised: USD 1,000,000,000
- Date: October 2021
- Lead Investors: Delivery Hero
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand market presence and enhance operational capabilities.
- Non-Equity Assistance
- Date: June 2022
- Lead Investors: Google for Startups
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To gain strategic support and resources from Google for Startups.
Total Amount Raised: USD 1,335,200,000
Current Valuation: Not publicly disclosed
Key Investors
- Google for Startups
- Details: Google for Startups provides resources, programs, and support to help startups grow and succeed. They have participated in multiple funding rounds for Gorillas, specifically in non-equity assistance rounds.
- Investment Focus Areas: Technology, startups, innovation.
- Notable Investments: Gorillas.
- Delivery Hero
- Details: Delivery Hero is a global leader in online food delivery services, operating in over 40 countries. They led the Series C funding round for Gorillas.
- Investment Focus Areas: Delivery services, food technology, logistics.
- Notable Investments: Gorillas.
- Coatue
- Details: Coatue is a hedge fund that invests in technology and growth-stage companies. They led the Series B funding round for Gorillas.
- Investment Focus Areas: Technology, e-commerce, delivery services.
- Notable Investments: Gorillas.
- DST Global
- Details: DST Global is an investment firm known for backing internet and technology companies. They participated in the Series B funding round for Gorillas.
- Investment Focus Areas: Internet companies, technology, digital services.
- Notable Investments: Gorillas.
- Tencent
- Details: Tencent is a Chinese tech giant with a diverse portfolio in technology, internet services, and digital content. They participated in the Series B funding round for Gorillas.
- Investment Focus Areas: Technology, internet services, e-commerce.
- Notable Investments: Gorillas.
What's Next for Gorillas?
Gorillas stands at the cusp of significant growth opportunities, driven by the increasing consumer demand for ultra-fast grocery delivery. With its recent expansion into major cities like London and its established presence in Germany and the Netherlands, the company is well-positioned to capitalize on the growing trend of on-demand services. The potential for further geographic expansion and the customization of inventory to meet local demands present substantial opportunities for Gorillas to capture a larger market share.
Future fundraising prospects for Gorillas appear promising, given the strong investor confidence demonstrated in previous funding rounds. The involvement of major investors like Tencent and Coatue suggests that additional funding could be secured to support further expansion and scaling of operations. This financial backing will be crucial as Gorillas aims to enhance its technology and logistics to maintain its promise of rapid delivery times.
However, Gorillas may face challenges such as maintaining profitability in a low-margin industry and managing logistics complexities as it scales. Competition from other well-funded startups and traditional supermarkets entering the fast delivery space could also pose significant hurdles. Despite these challenges, the company's innovative approach and strong market position suggest a bright future ahead.
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