🏆 Deal of the Week · CW 49/2021
Flink raised EUR 664 million in a Series B round at a valuation of EUR 2.52 billion, announced in December 2021 (KW 49/2021). The round was backed by DoorDash and Mubadala Capital. This deal was recognised as Venionaire DealMatrix Deal of the Week for KW 49/2021.
Flink — key deal facts
| Company | Flink |
| Founded | 2020 |
| Headquarters | Berlin, Germany |
| Amount raised | EUR 664 M |
| Valuation | EUR 2.52 Billion |
| Round | Series B |
| Investors | DoorDash (https://www.doordash.com/) Mubadala Capital (https://www.mubadala.com/en/what-we-do/capital) |
| Sectors | Food Delivery |
Who invested in Flink?
The round was co-led by DoorDash, the US-based food delivery platform, and Mubadala Capital, the asset management subsidiary of Abu Dhabi's sovereign wealth fund Mubadala Investment Company. The investor combination is notable for pairing a strategic operator with deep delivery logistics expertise alongside a major institutional capital allocator from the Gulf region, signalling both operational and long-term financial conviction in Flink's model.
What does Flink do?
Flink is an on-demand grocery delivery service founded in 2020 and headquartered in Berlin, Germany. The company was co-founded by Oliver Merkel, Julian Dames, and Christoph Cordes. Flink operates a network of dark stores — compact urban micro-warehouses — to deliver fresh produce, dairy, baked goods, snacks, and alcoholic beverages to customers within approximately 10 minutes via its mobile app. Delivery riders are employed full-time and equipped with e-bikes, a model designed to ensure service reliability and delivery speed. Flink has expanded its operations beyond Germany into the Netherlands.
Flink valuation & multiples
No multiples analysis data was provided for this deal. For context on how on-demand grocery and food delivery businesses are valued relative to revenue and earnings, readers can consult the relevant sector multiples pages on DealMatrix covering the Food Delivery segment.
Explore the benchmarks: Series B.
Frequently asked questions
How much did Flink raise in its Series B?
Flink raised EUR 664 million in its Series B round, announced in December 2021.
What is Flink's valuation?
Flink's valuation at the time of its Series B was EUR 2.52 billion.
Who invested in Flink?
The Series B was backed by DoorDash and Mubadala Capital.
When was Flink founded and where is it based?
Flink was founded in 2020 and is headquartered in Berlin, Germany.
Source: original announcement — read the full report.