Funding
Seed · Ecommerce

Flink raises $52 million in debt and equity seed funding

Target Global led the grocery delivery company’s financing, alongside Northzone, Cherry Ventures, TriplePoint Capital and Cristina Stenbeck.

By RoundOS Funding desk

Flink announced $52 million in seed financing on March 2, 2021. Target Global led the round, which combined equity with debt financing from TriplePoint Capital. Northzone and Cherry Ventures also participated, alongside Cristina Stenbeck investing personally.

The Berlin company operated local grocery fulfilment hubs with a ten-minute delivery promise. It planned to use the financing to expand across German cities and enter the Netherlands and France.

Use of funds

Expand German fulfilment hubs

Enter Netherlands and France

Funding history

Seed · This round$52M

Sources

  1. Flink USD52m debt and equity Seednordic9.com · Mar 2, 2021
  2. Flink raises USD52m Seedtechcrunch.com · Mar 2, 2021

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