![]() The company raised 530 million from ICONIQ Growth, Tiger Global, DST, KKR, Prosus, EQT Growth, Coatue, 83North, Highland Europe, Goldman Sachs Growth Equity.Finland’s Wolt has raised $530 million in a funding round led by ICONIQ Growth.With the discipline and drive that is integral to the Wolt story, the company stayed focused on a founding principle: that taking care of customers, restaurants, and couriers is the most critical component of the Wolt culture and business.Īfter leading the Series C and participating meaningfully in the Series D, we could not be more pleased to have led Wolt’s latest round and to extend our partnership with Miki and the team as Wolt continues to expand into new markets, grow its offerings and reach ever higher standards of service and quality. “We raised this round further strengthen our balance sheet, think long-term and double down on building even stronger positions across our markets while continuing to expand our offering beyond the restaurant.” In a statement, co-founder and CEO Miki Kuusi said the app tripled its revenue to $345 million against a net loss of $45 million in 2020.Įxisting investors 83North, EQT Ventures, Goldman Sachs Growth Equity, Highland Europe, and Vintage Investment Partners also participated alongside new investors Coatue Management, DST, EQT Growth, KKR, Tiger Global, and Prosus Ventures – a VC unit of Naspers. Iconiq Growth has led a 530m funding round for Finland-based consumer products delivery service Wolt. The app launched in 2015, offering on-demand meal delivery from 10 restaurants in Helsinki. Wolt, the Helsinki-based online ordering and delivery company that initially focused on restaurants but has since expanded to other verticals, has raised 530 million in new funding. Since then it has expanded to over 30,000 restaurants across 129 cities in 23 countries – most recently, Germany and Japan. Wolt couriers are going on strike to protest pay cuts A group of Wolt. ![]() Like many other restaurant delivery apps, Wolt pivoted to additional on-demand services in the midst of the Covid-19 pandemic, which saw many foodservice establishments shuttered under lockdown restrictions and consumer concerns. has just raised 530 million dollars in a round led by the investment fund ICONIQ. The round was led by Iconiq Growth, with participation from Tiger Global, DST, KKR, Prosus, EQT Growth and Coatue. Previous backers 83North, Highland Europe, Goldman Sachs Growth Equity, EQT Ventures and Vintage. ![]() Among other things, it now delivers groceries, cosmetics, pet food, and medical supplies on demand to users’ homes or workplaces. Wolt’s $530 million raise is the latest in a flurry of big-ticket investments into food delivery startups since the beginning of the year. UK-based Deliveroo netted $180 million in the run-up to its planned IPO, while Spain’s Glovo raised $121 million and Turkey’s Getir grabbed $128 million.
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