Previous backers 83North, Highland Europe, Goldman Sachs Growth Equity, EQT Ventures and Vintage. The round was led by Iconiq Growth, with participation from Tiger Global, DST, KKR, Prosus, EQT Growth and Coatue. In May, Wolt raised 100m from existing investors Highland Europe, 83North, ICONIQ and EQT Ventures, along with a new investor Goldman Sachs’ Growth Equity Unit to help it prepare for an uncertain road ahead. 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. It wants to complete preparations for an initial public offering this year so its shares can begin trading as early as the end of the first half of next year, said Miki Kuusi, Wolt’s chief executive and co-founder. Lukasz Gadowski, cofounder of Delivery Hero and investor in Wolt Preparing to IPO. One of last year’s investors was Lukasz Gadowski, co. Wolt has raised 662 million over the past year and 856 million since the company launched in 2015, serving just 10 restaurants in Helsinki. ![]() This despite having more than 100 million of cash on hand from earlier funding rounds. Last year Wolt’s revenue tripled to a preliminary $345 million with a net loss of $45 million. So much so that Wolt has just raised a whopping 530 million. Now, it’s in 23 countries and 129 cities, has more than 2,200 employees and saw revenue triple in. This time last year, Wolt had 700 employees, was operating in 20 countries and reported 87m turnover in 2019. is valued at $61 billion after its public trading debut in December. 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. It’s just raised 530m in a round led by ICONIQ Growth to expand its speedily-growing retail delivery service faster and further. Wolt raises in total EUR 440 million in a financing round led by ICONIQ Growth to expand Wolt’s speedily-growing retail delivery service faster and further. startup Deliveroo raised $180 million this month, while in the U.S. Avance advises KKR in its investment in Wolt Enterprises Oy, a Helsinki-based technology company known for their food delivery platform. New backers joining the round included KKR & Co., Tiger Global Management, DST Global, Prosus NV and Coatue Management.įood delivery companies have been flooded with cash from investors betting the pandemic brought a permanent shift in consumer habits. Finnish food delivery startup Wolt announced yesterday that it raised 530 million from a group of investors led by Iconiq Capital, a venture capital firm that manages money for some of Silicon. ![]() The Series E round led by Iconiq Growth brings the total raised by Wolt to $856 million, the company said in a statement Monday. (Bloomberg) - Finnish startup Wolt has raised $530 million and is preparing for a potential 2022 stock market listing in its effort to rival the big players in a surging food delivery industry.
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