DLA Piper has advised London-based dark supermarket Jiffy on its USD 28 million Series A investment round.
The round was led by Denmark’s private equity firm Heartland, with US venture capital fund Flint Capital and the family office of the Bukhman brothers participating alongside existing investors Baring Vostok and LVL1, both Russian private equity firms.
According to DLA Piper, “the Series A funds will be used for expansion within London and potentially into other urban locations in the UK.” Founded in November 2020, Jiffy has cloud stores in each London borough and delivers groceries using e-bikes within a three-kilometer radius in just 15 minutes.
The DLA Piper team was led by Partner Leo Batalov and included Legal Director Andrei Sheetkin, Associate Alexandra Braterskaya, and Paralegal Alexandra Khvorostyanova.
