Gorillas has raised almost $1 billion in its series C round of funding, the highest amount for a non-listed grocery delivery business in Europe.
The investment was led by food-delivery platform Delivery Hero with additional contributions from Atlantic Food Labs, Greenoaks, Tencent, Fifth Wall, Coatue Management, DST Global and A*.
According to the startup, the capital will go towards its next stage of expansion which is set to see it increase its global reach and “reinforce its footprint in existing markets” as it invests in its technology, operations, people and financial infrastructures.
READ MORE: Gorillas pauses US ambitions despite $950m investment
The news follows the company’s series B round of funding in March 2021 in which it raised $290 million.
“The size of today’s funding round by an extraordinary investment consortium underscores the tremendous market potential that lies ahead of us,” Gorillas chief executive Kağan Sümer said.
“With Delivery Hero, we have chosen a strong strategic support that is deeply rooted in the global delivery market.”
Delivery founder chief executive Niklas Östberg added: “Gorillas has been setting new standards for the delivery industry by offering an efficient and sustainable alternative to traditional grocers.
“We are beyond excited to be now part of their journey … and we are convinced that our investment will positively impact employees, consumers as well as our industry.”
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