Gorillas raises $40 million from Coatue et al.
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.