Gorillas in a capital funding round led by Tencent, Coatue and DST.

Germany United States Russia China 15 March 2021

Gorillas, a Berlin, Germany-based startup building an online grocery delivery business, secured $290 million more in capital funding in the company.

The money was raised from a range of investors led by Tencent, DST Global and existing investors Coatue. Greenoaks Capital, Dragoneer and Atlantic Food Labs also participated in the round. This is the third investment round in less than 9 months, putting a value of more than $1 billion on the company.

In conjunction with reaching the unicorn status (i.e. $1bn valuation) the company is said to reward its employees with $1 million in bonuses.

Gorillas, founded in 2020 by CEO Kagan Sümer and Jörg Kattner, is a grocery delivery provider as it aims to aggregate supermaket products ranges delivered to consumers within 10 minutes of ordering. It operates in 12 cities, most of them in Germany, as well as in Amsterdam and London.

The company, which is one of the many online grocery startups from Europe funded by venture money, previously secured $44 million in a round led by Coatue and a pre-seed round in a deal led by Atlantic Food Labs, both in 2020.

Total investments received (USD): 334M