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Wolt closes $530M round to continue expanding beyond restaurant delivery – TechCrunch

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. 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, […]

Finland s Wolt raises record-breaking $530 mln round

Helsinki-based food delivery startup Wolt unveiled a $530 million round of financing following its rapid expansion within the grocery and retail sectors during 2020. “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 […]

Finland s Wolt raises $530 million to try to take on Amazon

Finland’s Wolt raises $530 million to try to take on Amazon CNBC 1/25/2021 Sam Shead Wolt, a food delivery app that s expanded into groceries and retail, has raised $530 million as it tries to take on Amazon. The funding round in the six-year-old company was led by ICONIQ Capital, and it brings total investment in the firm to $856 million. Wolt, which did not disclose its latest valuation, said it will use the money to continue expanding beyond restaurants. © Provided by CNBC Miki Kuusi, CEO and co-founder of Wolt. Wolt, a food delivery app that s expanded into groceries and retail, has raised $530 million as it tries to take on Amazon.

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