Gorillas raises $40 million from Coatue et al.

Germany United States Investments 16 November 2020
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Gorillas, a Berlin, Germany-based startup building a business based on proximity-based grocery deliveries, announced that it completed a $40 million capital investment round.

The money was raised from investors including the US-based hedge fund manager Coatue in a deal that puts a $200 million valuation on the company, post money.

Gorillas, founded in 2020 by 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.

The company claims to follow the US-based GoPuff concept (i.e. a digital convenience retailer) and aggregates supply from several local wholesalers. The service is available in Berlin in a few neighborhoods, including Prenzlauer Berg and Berlin-Mitte.

Gorillas previously raised a pre-seed investment round from Atlantic Food Labs in August 2020.