Funding round
Picnic Series C
Picnic, which works in grocery delivery services in Düsseldorf, raised $250M in a Series C round announced on 28 Nov 2019. It is Picnic's second venture round on record; the one before was a Series B in Mar 2017.
$250M
Amount raised
Not disclosed
Post-money valuation
Valuation
What this round says about the price
Picnic did not disclose a valuation in this round. It came 32 months after Picnic's Series B. It is 33% of the $749M Picnic has raised in the venture rounds on record. Picnic raised again 50 months later: a Growth round of $389M in Jan 2024.
Use of proceeds
What the money is for
According to the announcement, the money goes to scaling operations.
- Scaling operations
Comparable rounds
How it compares
The closest in time, other companies' Series C rounds in Groceries:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Groceries | 7 Feb 2020 | $32M | not disclosed | Lightbox |
| Groceries | 26 Jul 2019 | $13M | not disclosed | Arbor Ventures |
| Weee! Groceries | 25 Aug 2020 | $35M | not disclosed | DST Global |
| Groceries | 27 Oct 2020 | $121M | not disclosed | Investment Corporation of Dubai |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Picnic raise in its Series C round?
Picnic raised $250M in its Series C round, announced in Nov 2019.
What was Picnic's valuation at the Series C round?
It was not disclosed.
Did Picnic raise again after this round?
Yes: a Growth round in Jan 2024 of $389M.