Berlin's Flink Hits Profitability, Secures $100M
Flink operates a dense network of local hubs in Germany and the Netherlands, reaching more than 22.5 million people in its core markets. © Flink
Berlin-based quick commerce company Flink has raised around US$100 million in new growth capital, with the funding round led by global tech investor Prosus.
According to a press release from Prosus, the round also includes other existing investors, plus Btomorrow Ventures, the corporate venture arm of BAT, joining as a new backer.
The timing is notable: after a turbulent period of consolidation across Europe's online grocery sector, Flink is now confirming EBITDA profitability. That's a meaningful milestone for a sector that has seen plenty of high-profile burnouts in recent years.
Flink CEO Julian Dames credits disciplined operations for the turnaround. The company focused on unit economics, cost control, and building a model around frequent top-up shopping rather than big weekly hauls. The result? An average basket of over €45 and delivery times around 30 minutes.
The fresh capital will fund targeted expansion across Germany and the Netherlands. New hubs are planned for 2026, but only in regions that meet strict profitability and density criteria. No growth for growth's sake here.
The opportunity is real: online grocery penetration in Germany sits at just 3.5%, compared to 14% in the UK. Every percentage point shift to online represents billions in potential revenue. Flink, with 160 hubs and a reach of 22.5 million people, is well positioned to ride that wave.
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