German grocery delivery venture Flink raises $52m

Berlin-based on-demand grocery delivery startup, Flink, has raised $52 million in seed financing.

The round was led by Target Global and existing investors Northzone, Cherry Ventures and TriplePoint Capital. It brings total funding to date to $64 million. 

Flink, which only officially launched earlier this year, is expanding into the Netherlands and France, and has opened ten dark stores in a number of German cities. 

The venture claims to deliver groceries from its own network of fulfilment centres in under 10 minutes.

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