Flink raised $240 million in Series A round led by Prosus, BOND, and Mubadala Capital.
Flink, a Berlin, Germany-based startup building a food delivery ecommerce operation, completed a $240 capital raise, in what the company calls a series A round.
The company also announced striking a long-term supply agreement with the major German grocery company REWE Group.
Flink, founded at the end of 2020 by Christoph Cordes, Oliver Merkel, Saeed Bullwinkel and Nikolas Bullwinkel, is working for building a grocery delivery business out of their existing fullfilment centers, with a 10-minute delivery promise. The company says it is active in 24 cities across Germany, France and the Netherlands.
Flink is one of the many online grocery startups from Europe funded by venture money and previously raised $52 million in seed financing led by Target Global, and joined by Northzone, Cherry Ventures and Silicon Valley-based debt provider TriplePoint Capital.