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Announced

Completed

Coatue Management, DST Global and Tencent led a $290m Series B round in Gorillas.

Financials

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Transaction Value£211m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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E-commerce

Cross Border

Venture Capital

Single Bidder

Acquisition

Private

Completed

Germany

delivery startup

Minority

Private Equity

Friendly

Synopsis

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Coatue Management, DST Global and Tencent led a $290m Series B round in Gorillas, a Berlin-based on-demand delivery startup, with participation from Green Oaks, Fifth Wall and Dragoneer and Atlantic Food Labs. “We have a simple goal: to change the game in the grocery retail market, which has been slow to implement new and speedier technological solutions. By effortlessly enabling immediate access to fresh and healthy food at retail prices, we essentially simplify the process of doing groceries,” says Kağan Sümer, Gorillas Founder and CEO.

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