Funding round
Flink Series B
Flink, which works in grocery delivery services in Berlin, raised $750M in a Series B round announced on 1 Dec 2021, led by DoorDash, at a $2.85B post-money valuation. 9 firms took part, 6 of them already investors. It is Flink's third venture round on record; the one before was a Series A in Jun 2021.
$750M
Amount raised
$2.85B
Post-money valuation
$2.10B pre-money
9
Investors
1 lead
26%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Flink at $2.85B after the new money. The $750M bought investors about 26% of the company. It came 6 months after Flink's Series A. It is 60% of the $1.26B Flink has raised in the venture rounds on record. Flink raised again 33 months later: a Growth round of $115M in Sep 2024, at $1.00B 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 this round 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
DoorDash led the round with 8 other firms. Mubadala Capital, Prosus, BOND and Target Global and 2 more had backed Flink before.
Lead investor
- DoorDash new investor
Also in the round
- Mubadala Capital backs 61 venture-backed companies existing investor
- REWE new investor
- Prosus backs 44 venture-backed companies existing investor
- BOND backs 91 venture-backed companies existing investor
- Target Global existing investor
- 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 hiring, product development, geographic expansion, sales and marketing, scaling operations, acquisitions and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Acquisitions
- Working capital
Comparable rounds
How it compares
The closest in time: 2 in Groceries Delivery, then Series B rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Groceries Delivery | 16 Mar 2022 | $125M | $625M | Tiger Global and Avenir |
| Groceries Delivery | 19 Jan 2021 | $128M | $850M | Crankstart Investments and Base Partners |
| Clikalia Real Estate - Agents & Managers | 17 Dec 2021 | $520M | not disclosed | Fifth Wall |
| JOKR Groceries | 2 Dec 2021 | $260M | $1.20B | GGV Capital and Balderton Capital |
| Tech Companies | 7 Dec 2021 | $220M | $1.25B | General Atlantic and SoftBank |
| Tyme Group Banks & ATMs | 7 Dec 2021 | $180M | not disclosed | not named |
| Banks & ATMs | 7 Dec 2021 | $180M | not disclosed | not named |
| Real Estate Rental | 15 Dec 2021 | $160M | not disclosed | Tarsadia and 3L Growth Equity |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Flink raise in its Series B round?
Flink raised $750M in its Series B round, announced in Dec 2021.
Who led Flink's Series B round?
DoorDash led it, with Mubadala Capital, REWE, Prosus, BOND and Target Global and 3 more.
What was Flink's valuation at the Series B round?
$2.85B post-money ($2.10B pre-money).
Did Flink raise again after this round?
Yes: a Growth round in Sep 2024 of $115M at $1.00B post-money.