Tencent helped the grocery delivery service become the quickest European company ever to achieve a unicorn valuation.

Germany-based grocery delivery service Gorillas raised $290m in series B funding from investors including internet group Tencent yesterday.

The corporate was joined by investment manager Coatue Management, investment firms DST Global and Greenoaks, venture capital firm Fifth Wall and venture studio Atlantic Food Labs. The round valued the company at over $1bn, it said in a LinkedIn post.

Gorillas operates an app-based service that allows users in 13 cities across Germany, the Netherlands and the UK to order groceries for…

Robert Lavine

Robert Lavine is special features editor for Global Venturing.