🏆 Deal of the Month · December 2021
Flink raised EUR 664 million in its Series B round, reaching a valuation of EUR 2.52 billion, in December 2021. The round was co-led by DoorDash and Mubadala Capital. The deal was recognised as Venionaire DealMatrix's Deal of the Month for December 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 backed by DoorDash, the US-based on-demand delivery platform, and Mubadala Capital, the asset management subsidiary of Abu Dhabi's sovereign wealth fund Mubadala Investment Company. The combination of a strategic operator and a sovereign-backed institutional investor signals both commercial and long-term capital conviction in Flink's rapid-grocery model across Europe.
What does Flink do?
Flink is a Berlin-based on-demand grocery delivery service founded in late 2020 by Oliver Merkel, Christoph Cordes, and Julian Dames. The company operates a network of micro-fulfillment centers that enable deliveries of fresh produce, household staples, meat, dairy, and beverages in as little as 10 minutes via its consumer app. Flink launched initially in Germany and expanded rapidly to serve multiple European cities including Berlin, Munich, and Cologne. Its legal entity, Flink SE, is registered at Brunnenstr. 19-21, 10119 Berlin, Germany.
Flink valuation & multiples
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 in December 2021.
What is Flink's valuation?
Flink was valued at EUR 2.52 billion at the time of its Series B round.
Who invested in Flink?
Flink's 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.