Funding round
Flink Growth
Reported as "Growth Equity"
Flink, which works in grocery delivery services in Berlin, raised $115M in a Growth round announced on 17 Sep 2024, led by BOND and Mubadala, at a $1.00B post-money valuation. 4 firms took part, 2 of them already investors. It is Flink's fourth venture round on record; the one before was a Series B in Dec 2021.
$115M
Amount raised
of which $35M debt
$1.00B
Post-money valuation
$885M pre-money
4
Investors
2 leads
0.4x
Step-up from the Series B
$2.85B in Dec 2021
8.0%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Flink at $1.00B after the new money, 0.4 times the $2.85B of its Series B (Dec 2021). The $115M bought investors about 8.0% of the company. It came 33 months after Flink's Series B. It is 9.1% of the $1.26B Flink has raised in the venture rounds on record. Flink raised again 18 months later: a Growth round of $100M in Mar 2026, at $900M post-money.
Flink's funding rounds
Flink has 5 venture rounds on record. This one is highlighted.
- Seed 2 Mar 2021, led by Target Global $52M
- Series A 3 Jun 2021, led by Prosus, BOND and Mubadala Capital $240M
- Series B 1 Dec 2021, led by DoorDash $750M$2.85B post-money
- Growth this round 17 Sep 2024, led by BOND and Mubadala $115M$1.00B post-money
- Growth 16 Mar 2026, led by Prosus $100M$900M post-money
Investors
Who put money in
BOND and Mubadala led the round with 2 other firms. Rewe Group and Northzone had backed Flink before.
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, scaling operations and working capital.
- Product development
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: 2 in Groceries Delivery, then Growth rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Groceries Delivery | 25 Jun 2024 | $250M | not disclosed | Mubadala |
| Groceries Delivery | 8 Sep 2023 | $500M | $2.50B | Mubadala |
| Health Care Services | 30 Sep 2024 | $12.00B | not disclosed | not named |
| Kabisa Automobile Dealers & Manufacturers | 29 Sep 2024 | $2.10B | not disclosed | not named |
| G42 Tech Companies | 20 Sep 2024 | $1.50B | not disclosed | Microsoft |
| RSK Group Environmental Engineering Services | 23 Sep 2024 | $690M | not disclosed | Searchlight Capital and Ares Management |
| Loans & Financing | 17 Sep 2024 | $617M | not disclosed | not named |
| Twelve Chemicals | 19 Sep 2024 | $400M | not disclosed | TPG |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Flink raise in its Growth round?
Flink raised $115M in its Growth round, announced in Sep 2024.
Who led Flink's Growth round?
BOND and Mubadala led it, with Rewe Group and Northzone.
What was Flink's valuation at the Growth round?
$1.00B post-money ($885M pre-money).
Did Flink raise again after this round?
Yes: a Growth round in Mar 2026 of $100M at $900M post-money.