Funding round
Flink Seed
Flink, which works in grocery delivery services in Berlin, raised $52M in a Seed round announced on 2 Mar 2021, led by Target Global. 4 firms took part, 2 of them already investors. It is Flink's first venture round on record.
$52M
Amount raised
Not disclosed
Post-money valuation
4
Investors
1 lead
Valuation
What this round says about the price
Flink did not disclose a valuation in this round. It is Flink's first venture round on record, 1 year after it was founded in 2020. It is 4.1% of the $1.26B Flink has raised in the venture rounds on record. Flink raised again 3 months later: a Series A round of $240M in Jun 2021. Its next priced round, a Series B in Dec 2021, valued it at $2.85B.
Flink's funding rounds
Flink has 5 venture rounds on record. This one is highlighted.
- Seed this round 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 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
Target Global led the round with 3 other firms. Northzone and Cherry Ventures had backed Flink before.
Lead investor
- Target Global new investor
Also in the round
- backs 104 venture-backed companies existing investor
- backs 92 venture-backed companies existing investor
- backs 33 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion, sales and marketing, scaling operations and working capital.
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
8 Seed rounds in Groceries Delivery within a year either side disclosed an amount; the median was $1.8M, and this round was 29 times the median. The closest in time, other companies' Seed rounds in Groceries Delivery:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Groceries Delivery | 9 Sep 2021 | $2.0M | not disclosed | MLM Investment Company and MLM Invest Company |
| Groceries Delivery | 3 Sep 2020 | $1.0M | not disclosed | Jabbar Internet Group |
| Groceries Delivery | 12 Nov 2021 | $3.0M | not disclosed | Global Founders Capital |
| Groceries Delivery | 26 Jul 2020 | $1.0M | not disclosed | Northern Gulf Partners and The Pay it Forward Company |
| Groceries Delivery | 9 Jul 2020 | $1.0M | not disclosed | Tapas Capital |
| Groceries Delivery | 20 Jan 2022 | $54M | not disclosed | Tiger Global |
| Groceries Delivery | 1 Feb 2022 | $5.7M | not disclosed | Vorwerk Ventures |
| Groceries Delivery | 27 Mar 2020 | $1.6M | not disclosed | not named |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Flink raise in its Seed round?
Flink raised $52M in its Seed round, announced in Mar 2021.
Who led Flink's Seed round?
Target Global led it, with Northzone, Cherry Ventures and TriplePoint Capital.
What was Flink's valuation at the Seed round?
It was not disclosed.
How does it compare with other Seed rounds in Groceries Delivery?
8 Seed rounds in Groceries Delivery within a year either side disclosed an amount; the median was $1.8M, and this round was 29 times the median.
Did Flink raise again after this round?
Yes: a Series A round in Jun 2021 of $240M.