Flink, a quick-commerce startup from Berlin, is revealing its plan to move forward alone. TechCrunch has learned exclusively that the company has raised $150 million to expand its business in Germany and the Netherlands in partnership with Just Eat Takeaway.com.
A mix of new and existing investors, including BOND, Mubadala, Northzone, and REWE, are providing the funding. The company did not disclose whether Just Eat Takeaway is one of the investors, but they are working together in a “preferred partnership.”
“This investment will help us expand, improve efficiency, and continue delivering fast, reliable service,” said Oliver Merkel, founder of Flink. The company’s valuation is close to $1 billion and is focusing on Germany and the Netherlands for future growth.
Flink has 146 hubs across 80 cities in the two countries and plans to open 30 more locations in the next year, aiming for overall profitability by Q2 2025. The company has 8,900 employees.
Read More
Is Slack evolving into an AI agent hub?