Berlin-based quick-commerce startup Flink has announced that it has raised $150 million in new funding, which will be used to drive profitable growth and innovation in Germany and the Netherlands. The funding round is split into $115 million in equity and $35 million in debt and comes from a mix of new and existing investors, including BOND, Mubadala, Northzone, and supermarket giant REWE.

A Key Player in the European Quick Commerce Space

Flink has positioned itself as a key player in the European quick commerce space, with a strong presence in Germany and the Netherlands. The company has already achieved EBITDA break-even at the country level and is targeting overall profitability by Q2 2025. Flink's average order value now exceeds $40, and the company has 146 hubs currently active across more than 80 cities in Germany and the Netherlands.

Preferred Partnership with Just Eat Takeaway.com

As part of its growth strategy, Flink has announced a preferred partnership with Just Eat Takeaway.com, which will help the company further enhance its market reach in Germany and the Netherlands. This partnership is a significant development for Flink, as it will enable the company to leverage Just Eat Takeaway.com's expertise and resources to drive growth and innovation.

Rapid Expansion Plans

Flink plans to open 30 new hubs in Germany and the Netherlands in the coming 12 months, which will further expand its operational network and enable the company to reach more customers. The company's workforce has also surpassed 8,900 employees, underpinning its rapid growth and commitment to customer satisfaction.

A Strong Track Record of Innovation

Flink has a strong track record of innovation, having developed a proprietary technology platform that enables fast and reliable delivery of fresh groceries and other essentials. The company's focus on customer satisfaction and operational efficiency has enabled it to build a loyal customer base and establish itself as a leader in the European quick commerce market.

Flink's latest funding round is a significant development for the company, as it will enable the company to drive profitable growth and innovation in Germany and the Netherlands. With its strong track record of innovation and customer satisfaction, Flink is well-positioned to continue its rapid growth and expansion in the European quick commerce market.