Funding round
Flink Series A
Flink, which works in grocery delivery services in Berlin, raised $240M in a Series A round announced on 3 Jun 2021, led by Prosus, BOND and Mubadala Capital. 8 firms took part. It is Flink's second venture round on record; the one before was a Seed in Mar 2021.
$240M
Amount raised
Not disclosed
Post-money valuation
8
Investors
3 leads
Valuation
What this round says about the price
Flink did not disclose a valuation in this round. It came 3 months after Flink's Seed. It is 19% of the $1.26B Flink has raised in the venture rounds on record. Flink raised again 6 months later: a Series B round of $750M in Dec 2021, at $2.85B 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 this round 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
Prosus, BOND and Mubadala Capital led the round with 5 other firms.
Lead investors
- Prosus backs 44 venture-backed companies new investor
- BOND backs 91 venture-backed companies new investor
- Mubadala Capital backs 61 venture-backed companies new investor
Also in the round
- Rewe Group new investor
- backs 92 venture-backed companies new investor
- backs 104 venture-backed companies new investor
- Target Global new investor
- Flixfounders new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: 2 in Groceries Delivery, then Series A rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Groceries Delivery | 14 Jun 2021 | $5.2M | not disclosed | Hayaat Group |
| Groceries Delivery | 8 Apr 2021 | $26M | not disclosed | Velvet Sea Ventures |
| Transmit Security Tech Companies | 22 Jun 2021 | $543M | $2.20B | Insight Partners and General Atlantic |
| Capchase Loans & Financing | 4 Jun 2021 | $125M | not disclosed | QED Investors |
| Vitamins & Supplements | 3 Jun 2021 | $113M | not disclosed | Define Ventures |
| Tech Companies | 8 Jun 2021 | $110M | not disclosed | Insight Partners |
| Loans & Financing | 23 Jun 2021 | $100M | not disclosed | Accel |
| Waabi Tech Companies | 8 Jun 2021 | $84M | not disclosed | Khosla Ventures |
Sources
Where this comes from
Reported by 3 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Flink raise in its Series A round?
Flink raised $240M in its Series A round, announced in Jun 2021.
Who led Flink's Series A round?
Prosus, BOND and Mubadala Capital led it, with Rewe Group, Cherry Ventures, Northzone, Target Global and Flixfounders.
What was Flink's valuation at the Series A round?
It was not disclosed.
Did Flink raise again after this round?
Yes: a Series B round in Dec 2021 of $750M at $2.85B post-money.