Funding round
Picnic Series B
Picnic, which works in grocery delivery services in Düsseldorf, raised $110M in a Series B round announced on 1 Mar 2017, led by NPM Capital, De Hoge Dennen, Kruidvat and Hoyberg. 5 firms took part. It is Picnic's first venture round on record.
$110M
Amount raised
Not disclosed
Post-money valuation
5
Investors
4 leads
Valuation
What this round says about the price
Picnic did not disclose a valuation in this round. It is Picnic's first venture round on record, 2 years after it was founded in 2015. It is 15% of the $749M Picnic has raised in the venture rounds on record. Picnic raised again 32 months later: a Series C round of $250M in Nov 2019.
Investors
Who put money in
NPM Capital, De Hoge Dennen, Kruidvat and Hoyberg led the round with 1 other firm.
Lead investors
- backs 2 venture-backed companies new investor
- De Hoge Dennen new investor
- Kruidvat new investor
- Hoyberg new investor
Also in the round
- Finci new investor
Comparable rounds
How it compares
The closest in time: 2 in Groceries, then Series B rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Groceries | 27 Jun 2016 | $111M | not disclosed | Invus |
| Udaan Groceries | 21 Feb 2018 | $50M | not disclosed | Lightspeed Venture Partners |
| Tech Companies | 3 Mar 2017 | $50M | $500M | S&P Global Inc. |
| Pharmaceutical Products | 20 Mar 2017 | $30M | not disclosed | SR One |
| Travel Agencies | 2 Mar 2017 | $30M | not disclosed | HSG |
| Toys & Games Stores | 16 Mar 2017 | $30M | $200M | Evolution Media China and Shenzhen Capital Group |
| Food Production | 13 Mar 2017 | $25M | not disclosed | not named |
| Office Spaces | 28 Mar 2017 | $25M | not disclosed | Riverwood Capital |
Questions
Frequently asked
How much did Picnic raise in its Series B round?
Picnic raised $110M in its Series B round, announced in Mar 2017.
Who led Picnic's Series B round?
NPM Capital, De Hoge Dennen, Kruidvat and Hoyberg led it, with Finci.
What was Picnic's valuation at the Series B round?
It was not disclosed.
Did Picnic raise again after this round?
Yes: a Series C round in Nov 2019 of $250M.