The express delivery service Flink SE (Flink) has raised 150 million US dollars in fresh capital in a financing round from existing backers BOND, Northzone, Mubadala and REWE and new investors. Simultaneously, Flink entered into a strategic partnership with Just Eat Takeaway. As with previous financing rounds and acquisitions, the Berlin-based growth company was comprehensively advised on all legal aspects by a Taylor Wessing team led by Berlin-based partner and VC expert Dr Norman Röchert.
The newly raised capital Flink shall serve a new growth period which includes opening of 30 new locations in Germany and the Netherlands within the next twelve months as part of a strategic expansion.
Launched in March 2021, the app-based delivery service currently offers instant delivery of fresh food by e-bike from an independent infrastructure with over 148 hubs in over 80 cities in Germany and the Netherlands. The start-up is partnered with REWE Group, which provides support with goods purchasing and logistics planning as a cooperation partner.
Legal advisors Flink SE
Taylor Wessing Germany: Lead Dr Norman Röchert (Partner, Berlin), Jasmin Bechtold (Associate), Felix Paul (Professional Support Lawyer), all M&A/Venture Capital, all Berlin; Claus Goedecke (Partner, Frankfurt), Dr Jens Wiesner (Partner, Hamburg), Dennis Hoppermann (Associate, Hamburg), all Banking & Finance
