Picnic to raise €100M from NPM Capital, De Hoge Dennen, Hoyberg and Finci.

Picnic, an Amsterdam, Netherlands-based e-commerce grocery business, announced securing funding of €100M ($107M).

The money was raised from Ducth investors, including NPM Capital, De Hoge Dennen, Hoyberg and Finci.

Proceeds will be used for growth and expand the number of cities it operates.

Picnic, founded in 2015 by Joris Beckers, Frederik Nieuwenhuys, Michiel Muller, Bouke van der Wal and Gerard Scheij, developed an online supermarket which combines service with free delivery using electric minivans. The customer can choose the delivery run that is most convenient and track the exact delivery time on the grocery shopping radar.

Picnic is available throughout the Netherlands in Utrecht, Amersfoort and Almere and aims to expand to Delft, Leidschendam, Voorburg, Nootdorp, Ede and Veenendaal.