NPM Capital et al. in €100m round for Picnic

Investors in the round include NPM Capital, the private equity arm of family-owned company SHV, as well as De Hoge Dennen, Hoyberg and Finci. The backers will hold a combined minority stake in the group.

Picnic will look to hire extra staff with the fresh funding. Eventually, the startup is hoping to employ around 10,000 staff, with plans to expand its area of coverage from the current six cities to the whole country.

New delivery spots should soon include the Dutch cities of Delft, Leidschendam, Voorburg, Nootdorp, Ede and Veenendaal.

Company
Launched at the end of 2015, Picnic offers a delivery service for groceries and other products with electrical delivery vehicles. Picnic’s services are available in six Dutch cities so far: Almere, Maarssen, Utrecht, Soest, Amersfoort and Leusden. According to the founders, the company will soon be profitable.

People
NPM Capital – Bart Coopmans (managing director).

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• Topics
• Expansion
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• Netherlands