Empowering Retailers Across the Globe to Thrive in the Omnichannel Era – GP Bullhound acted as exclusive financial advisor to Instaleap on its sale to Instacart.

GP Bullhound is pleased to announce its role as the exclusive financial advisor to Instaleap on its sale to Instacart.

Founded in 2019, Instaleap offers purpose-built grocery technology, designed to address core retailer needs, including marketplace integrations and fulfillment solutions services. The company has established relationships with more than 100 grocery retailers and marketplaces outside North America, including Continente, Jerónimo Martins, Lulu and SPAR. With operations in nearly 30 countries, Instaleap has deep local market expertise and a growing presence in Europe, Latin America, and the Middle East. To date, Instaleap has powered more than 100 million transactions.

For Instacart, this acquisition is a “significant opportunity to expand internationally through an enterprise-led strategy that empowers retailers across the globe to meet the evolving omnichannel needs of their customers,” said Ryan Hamburger, Vice President of Commercial Partnerships at Instacart. “With the addition of Instaleap’s technology, international expertise, and deep retail relationships, we can accelerate our international expansion and better serve retailers and consumers around the world”

Antonio dos Santos Nunes, CEO and Founder of Instaleap, commented: “We’ve built our platform with a deep focus on the unique needs of grocery retailers across diverse international markets. Joining Instacart enables us to scale our impact and continue delivering localized solutions with the support of a trusted partner that shares our commitment to retailer success; GP Bullhound’s team have been fundamental to this outcome; their combined sector expertise and knowledge of the buyer landscape enabled us to get the best option for the company and its employees”.

Claudio Alvarez, Partner, and Jaime Sendagorta, Managing Director, at GP Bullhound commented: “We are proud to have advised Instaleap on this highly strategic transaction and to have helped the Founders and the Board bring together two category-defining companies in the grocery technology space. Instaleap and Instacart share a clear strategic and cultural alignment, and this combination creates a uniquely positioned global leader in grocery technology to empower retailers globally to thrive in the omnichannel era. We have valued the opportunity to work closely with the Instaleap team on this important transaction at a key stage in the company’s development”.

This transaction further cements GP Bullhound’s expertise as a leading advisor in the Ecommerce Enablement and Logistics Software space, having recently advised Anvyl on its sale to Sage, Sellics on its sale to Ascential, Anyvan on its sale to Vitruvian or Net Rivals on its sale to Lengow, among many others. It also underlines GP Bullhound’s momentum in Spain, following recent transactions completed for clients such as Making Science Sweeft (sold to Lutech/Apax), Ibernova (sold to GTO/Kartesia), Miura Partners (investment into Wikiloc) and Busuu (sold to Chegg).

Enquiries
Claudio Alvarez, Partner at GP Bullhound, claudio.alvarez@gpbullhound.com
Jaime Sendagorta, Managing Director at GP Bullhound, jaime.sendagorta@gpbullhound.com