Global Law Firm Herbert Smith Freehills Kramer has Advised Btomorrow Ventures on a $100 Million Growth Capital Round
Global Law Firm Herbert Smith Freehills Kramer has Advised Btomorrow Ventures on a $100 Million Growth Capital Round
Leading global law firm Herbert Smith Freehills Kramer has advised Btomorrow Ventures, the corporate venture capital arm of British American Tobacco, on a $100 million growth capital round for German grocery delivery service Flink.
The lead investor in this round is the investment firm Prosus, which is again investing in Flink alongside other existing investors. Btomorrow Ventures joins as a new investor.
The new financing is intended to drive Flink's targeted expansion in its core markets of Germany and the Netherlands.
Since its founding in 2021, Berlin-based Flink has established itself as the market leader for on-demand grocery delivery in Germany and the Netherlands. The company reaches more than 22.5 million people in its core markets and counts over 10,000 employees.
Established in 2020, Btomorrow Ventures manages £350m across two strategic investment funds, partnering with early-stage companies, typically Pre Series A to Series B+.
Herbert Smith Freehills Kramer that advised Btomorrow Ventures was led by Gregor Klenk (Partner/ Corporate/ M&A, Lead, Frankfurt), Dylan Doran Kennett (Partner/ Corporate/ M&A, London), Christoph Hempel (Senior Associate/ M&A, Frankfurt) and Julia Ickstadt (Associate/ Employement, Frankfurt).
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