Herbert Smith Freehills Kramer is a world-leading global law firm, where our ambition is to help you achieve your goals. Exceptional client service and the pursuit of excellence are at our core. We invest in and care about our client relationships, which is why so many are longstanding. We enjoy breaking new ground, as we have for over 170 years. As a fully integrated transatlantic and transpacific firm, we are where you need us to be. Our footprint is extensive and committed across the world’s largest markets, key financial centres and major growth hubs. At our best tackling complexity and navigating change, we work alongside you on demanding litigation, exacting regulatory work and complex public and private market transactions. We are recognised as leading in these areas. We are immersed in the sectors and challenges that impact you. We are recognised as standing apart in energy, infrastructure and resources. And we’re focused on areas of growth that affect every business across the world.
Leading global law firm Herbert Smith Freehills Kramer has advised Btomorrow Ventures, the corporate venture capital...
Germany
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 advised Btomorrow Ventures with
the following team:
Corporate/M&A: Gregor Klenk (Partner, Lead,
Frankfurt), Dylan Doran Kennett (Partner, London), Christoph Hempel
(Senior Associate, Frankfurt)
Employment: Julia Ickstadt (Associate,
Frankfurt)
Contributor
Herbert Smith Freehills Kramer is a world-leading global law firm, where our ambition is to help you achieve your goals. Exceptional client service and the pursuit of excellence are at our core. We invest in and care about our client relationships, which is why so many are longstanding. We enjoy breaking new ground, as we have for over 170 years. As a fully integrated transatlantic and transpacific firm, we are where you need us to be. Our footprint is extensive and committed across the world’s largest markets, key financial centres and major growth hubs. At our best tackling complexity and navigating change, we work alongside you on demanding litigation, exacting regulatory work and complex public and private market transactions. We are recognised as leading in these areas. We are immersed in the sectors and challenges that impact you. We are recognised as standing apart in energy, infrastructure and resources. And we’re focused on areas of growth that affect every business across the world.
