07-26-2025, 06:44 AM
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Rapid grocery delivery startup Flink raised $750 million in a Series B funding round at a pre-money valuation of $2.1 billion. The funding was led by DoorDash, with participation from Mubadala Capital.T stanley thermos he fresh infusion of new capital will be used to expand Flinks market position in Europes quick commerce space. Available in ab stanley cup out 60 cities in four countries, Flink aims to grow its presence by branching out and by acquiring competitors, according to reports.See also: Report: DoorDash Heading up Fundraise for Grocery Delivery Firm FlinkFounded in 2020 and headquartered in Berlin, the startup delivers food and other essentials at supermarket prices and in under 10 minutes. The startup has over 140 micro-fulfillment centers a stanley canada cross its delivery areas, including Germany and the Netherlands.The financial backing by DoorDash in Flink marks its first move into Europe, aside from its 7 billion euros deal to acquire Finlands Wolt, which isnt expected to close until the second half of next year.Read more: With Acquisition of Wolt, DoorDash Aims to Take on Uber Eats Global Reach We started in food delivery logistics, and our vision was always to build a platform that supports all of local commerce and to do it on a global basis, DoorDash CEO Tony Xu told analysts on a call last month, referring to its investment in Wolt.DoorDash has captured the meal delivery space in the U.S. but Uber Eats has a bigger international footprint, as does Grubhub parent Just Eat Takeaway. DoorDash, availab Lwzx Nyca Partners Raises $125M For Second FinTech VC Fund
When PricewaterhouseCoopers released a report in 2015 that predicted the cyber insurance industry would see premiums tripl stanley france e in five years and reach at least $7.5 billion by 2020, the rising threat of cyberattacks meant they would likely become more extreme.The White House Council of Economic Advisers calculated earlier this year that cyberattacks cost the U.S. economy $109 billion in 2016 alone, linked to domestic and overseas activity. That statistic was released soon after a survey published from Microsoft and Marsh, which revealed cybersecurity is now the largest worry for the enterprise, with few feeling they are prepared to handle an attack.As headlines from Wannacry and news of ransomware and malware losses continue to stream in, falling victim to a cyberattack may seem nearly inevitable. And it this fear that has driven the cyber insurance market to balloon.But its an industry that is difficult to get right, said Rotem Iram, CEO of industry company At-Bay. In a recent interview with PYMNTS, Iram pointed to remarks by Warren Buffett warning investors about cyber insurance.I don ;t think we or anybody else really knows what they ;re doing when writing cyber insurance, said Buffett at Berkshire Hathaway annual meeting earlier this month. We don ;t want to be a pioneer on this.According to Buffett, the risk of a cyberattack means cyber insurance companies are f stanley kubek aced with abo stanley cup ut a 2 percent chance of a catastrophic at
Rapid grocery delivery startup Flink raised $750 million in a Series B funding round at a pre-money valuation of $2.1 billion. The funding was led by DoorDash, with participation from Mubadala Capital.T stanley thermos he fresh infusion of new capital will be used to expand Flinks market position in Europes quick commerce space. Available in ab stanley cup out 60 cities in four countries, Flink aims to grow its presence by branching out and by acquiring competitors, according to reports.See also: Report: DoorDash Heading up Fundraise for Grocery Delivery Firm FlinkFounded in 2020 and headquartered in Berlin, the startup delivers food and other essentials at supermarket prices and in under 10 minutes. The startup has over 140 micro-fulfillment centers a stanley canada cross its delivery areas, including Germany and the Netherlands.The financial backing by DoorDash in Flink marks its first move into Europe, aside from its 7 billion euros deal to acquire Finlands Wolt, which isnt expected to close until the second half of next year.Read more: With Acquisition of Wolt, DoorDash Aims to Take on Uber Eats Global Reach We started in food delivery logistics, and our vision was always to build a platform that supports all of local commerce and to do it on a global basis, DoorDash CEO Tony Xu told analysts on a call last month, referring to its investment in Wolt.DoorDash has captured the meal delivery space in the U.S. but Uber Eats has a bigger international footprint, as does Grubhub parent Just Eat Takeaway. DoorDash, availab Lwzx Nyca Partners Raises $125M For Second FinTech VC Fund
When PricewaterhouseCoopers released a report in 2015 that predicted the cyber insurance industry would see premiums tripl stanley france e in five years and reach at least $7.5 billion by 2020, the rising threat of cyberattacks meant they would likely become more extreme.The White House Council of Economic Advisers calculated earlier this year that cyberattacks cost the U.S. economy $109 billion in 2016 alone, linked to domestic and overseas activity. That statistic was released soon after a survey published from Microsoft and Marsh, which revealed cybersecurity is now the largest worry for the enterprise, with few feeling they are prepared to handle an attack.As headlines from Wannacry and news of ransomware and malware losses continue to stream in, falling victim to a cyberattack may seem nearly inevitable. And it this fear that has driven the cyber insurance market to balloon.But its an industry that is difficult to get right, said Rotem Iram, CEO of industry company At-Bay. In a recent interview with PYMNTS, Iram pointed to remarks by Warren Buffett warning investors about cyber insurance.I don ;t think we or anybody else really knows what they ;re doing when writing cyber insurance, said Buffett at Berkshire Hathaway annual meeting earlier this month. We don ;t want to be a pioneer on this.According to Buffett, the risk of a cyberattack means cyber insurance companies are f stanley kubek aced with abo stanley cup ut a 2 percent chance of a catastrophic at
