Gorillas’ $1 Billion Series C Financing Round

YPOG, PWWL, Clifford Chance and Sullivan & Cromwell advised Delivery Hero SE on the deal. GLNS advised Thrive Capital.

Gorillas, the European market leader in instant on-demand grocery delivery, has successfully raised close to USD one billion in a Series C funding round. It is the largest funding of a non-listed business Europe’s grocery delivery sector has seen to date.

The round was led by European delivery champion Delivery Hero. In addition to Delivery Hero, numerous existing and new investors participated in the funding round, including Tencent, Coatue, DST, Thrive Capital and Dragoneer. According to the company’s information, Delivery Hero owns close to 8% of Gorillas after the financing round. 

Thrive Capital is a New York City-based venture capital firm that invests in, supports, and builds innovative early and growth-stage companies.

Gorillas is a Berlin-based company founded in 2020 by Kagan Sümer that operates a delivery service for groceries and other supermarket goods in major cities. It includes an online ordering platform, delivery warehouses in central locations and hired bicycle couriers. Groceries and other supermarket goods ordered via the app are delivered to the customer’s home by bicycle courier at supermarket prices. Delivery to the customer’s home is generally made within ten minutes of receipt of the order. Gorillas is expanding rapidly and is on the road in Germany, France, Italy, the Netherlands, the UK and, since May, also in the United States. Delivery Hero, founded in 2011 in Berlin by Niklas Östberg, Kolja Hebenstreit, Markus Fuhrmann and Lukasz Gadowski, is one of the world’s leading online marketplaces for food ordering and delivery, with leading market positions across over 40 countries in Europe, the Middle East & North Africa, Latin America and Asia Pacific, and more than 4,000 cities worldwide. The company also operates its own delivery service in several hundred cities around the world. Delivery Hero is headquartered in Berlin and employs more than 20,000 people.

The YPOG team was led by Dr. Martin Schaper (Picture, Partner) and further included Dr. Tim Schlösser, Dr. Malte Bergmann, Dr. Martyna Sabat, Dr. Benedikt Flöter (IP/IT), Barbara Hasse and Pia Meven.

The PWWL team was led by Dr. Marius Fritzsche and Dr. Luca Rawe.

The Clifford Chance team included Nelson Jung and Aniko Adam.

The Sullivan & Cromwell team included Dr. Michael Rosenthal and Elisa Hauch.

The GLNS team included partner Dr Daniel Gubitz and associate Eva Maier (both Corporate).

Involved fees earner: Aniko Adam – Clifford Chance; Nelson Jung – Clifford Chance; Daniel Gubitz – GLNS; Eva Maier – GLNS; Marius Fritzsche – Pusch Wahlig Workplace Law; Luca Rawe – Pusch Wahlig Workplace Law; Elisa Hauch – Sullivan & Cromwell; Michael Rosenthal – Sullivan & Cromwell; Malte Bergmann – YPOG; Benedikt Flöter – YPOG; Barbara Hasse – YPOG; Pia Meven – YPOG; Martyna Sabat – YPOG; Martin Schaper – YPOG; Tim Schlösser – YPOG;

Law Firms: Clifford Chance; GLNS; Pusch Wahlig Workplace Law; Sullivan & Cromwell; YPOG;

Clients: Delivery Hero Holding GmbH; Thrive Capital;

Author: Federica Tiefenthaler