Gorillas raises $44 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 $44 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.
Daniel Senft and Bennett Siegel from Coatue will join Gorillas‘ board of directors. Proceeds will be used for making the service available in more cities.
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. The company is one of the many online grocery startups from Europe funded by venture money.
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.