![]() Compared to the $662m in new capital that we’ve raised during the past year, this puts us into a strong position for investing in our people, technology, and markets when thinking about the next few years ahead. “Despite the turbulence of 2020, we’ve remained focused on growth, tripling our revenue to a preliminary $345m against a net loss of $45m. A core pillar of ICONIQ Growth has been to lead subsequent financings to support our existing portfolio. ![]() “We operate in an extremely competitive and well-funded industry, and this round allows us to have a long-term mindset when it comes to doubling down on our different markets,” added Kuusi. Since then, it has expanded to 23 countries and 129 cities and, in the past year, has moved beyond restaurants and takeaways into the grocery and retail sectors – selling anything from cosmetics to pet food and pharmaceuticals. Wolt was launched in 2015 with just 10 restaurant partners. “We raised this round of financing to further strengthen our balance sheet, allowing us to think long-term and double down on building even stronger positions across our markets while continuing to expand our offering beyond the restaurant,” said Miki Kuusi, CEO and Co-founder of Wolt. Wolt’s total financing now stands at $856m, although the company has not disclosed its current valuation. The latest funding round was led by Iconiq Growth and included new investment from Tiger Global, DST, KKR, Prosus, EQT Growth, and Coatue, as well as financing from existing investors including 83North, Highland Europe, Goldman Sachs Growth Equity, EQT Ventures, and Vintage Investment Partners. Subscribe now to stay ahead with the most trusted business news source.Wolt, a Helsinski-based food delivery company, has secured a further $530m in funding as it looks to continue expanding its business beyond food delivery. (Bloomberg) - Wolt, a Finnish food-delivery company, has raised 100 million euros (108 million) to prepare for an economic downturn. This financing round brings Wolt’s total funding to 258 million euros.įor more articles like this, please visit us at Will Griffith is a Partner at ICONIQ Capital and a founder of ICONIQ Strategic Partners, ICONIQ’s growth equity investing platform, which is focused on partnering with exceptional founders and leaders to effect global impact and change. Wolt, founded in Helsinki in 2014, operates in 22 countries and offers food from 10,000 restaurants. in a move to combine two of the largest food-delivery apps in the U.S., people familiar with the matter said earlier this week. has made an offer to acquire Grubhub Inc. The virus has had a mixed impact on food-delivery companies - forcing many restaurants to shut while also driving an increase in demand from customers in lockdown. The funds will also give Wolt room to accelerate its expansion in some markets, the company said. Iconiq Growth has led a 530m funding round for Finland-based consumer products delivery service Wolt., Expansion, Nordics, Technology, EQT, EQT Ventures, KKR, Highland Capital Partners, Goldman Sachs, Finland, Nordic venture. “It’s our responsibility to do everything that we can to be as well-prepared as possible given the uncertainty within the current economy.” Wolt closes 530M round to continue expanding beyond restaurant delivery Steve O'Hear sohear / 4:04 AM PST JanuComment Image Credits: Wolt TechCrunch Early Stage April. ![]() “We would not have raised this round if it wasn’t for the global Covid-19 crisis and the potential downturn we see in the near future,” Chief Executive Officer Miki Kuusi said in the statement. Co-founded in 2014 by Miki Kuusi, CEO, who was co-founder and CEO of Slush, Wolt allows users to discover and get restaurants, grocery stores and other local shops delivered to home or office and.
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