Crisp announced securing €30m in Series B financing backed by investors led by Target Global.
Crisp, an Amsterdam, The Netherlands-based e-commerce food operator via a mobile app, announced completing financing totalling €30 million ($36.2M) in a Series B round.
The money was raised from investors led by the German VC Target Global, with participation from Keen Venture Partners and founders of Adyen and Just Eat Takeaway.com, as well as Thomas Plantenga, Vinted CEO.
The proceeds will be used to expand the electric vehicle fleet, increase the product assortment scope, and strengthen its network with smaller producers for its customer base.
Crisp, founded in 2018 by Tom Peeters, Michiel Roodenburg, René Bink and Eric Klaassen, is an online-only supermarket app for fresh and affordable food, providing transparency across the supply chain to customers and producers.
The service delivers groceries seven days a week nationwide in the Netherlands. Customers ordering before 10 p.m. will receive their purchase the next day within a one-hour timeslot, and the product range includes items from over 650 farmers, growers, and manufacturers.
Crisp is one of the many online grocery startups from Europe funded by venture money and says it previously raised around €16 million.