#Wolt 530m iconiq series#

Existing investors 83North, Highland Europe, Goldman Sachs Growth Equity and Vintage Investment Partners also participated in the round. Tiger Global, DST, KKR, Prosus, EQT Growth and Coatue joined as new investors. Wolt has a great future ahead and its services have helped everyone. ICONIQ, an investment firm led the 530m round for Wolt, a Helsinki-based technology company providing food delivery platform. The reason for Wolt being funded so much is because due to the pandemic, every local business is going online, and Wolt is there to provide them the necessary delivery services. The funding round in the six-year-old company was led by ICONIQ Capital. The company will offer their deliver services from cosmetics, pet foods, and medicines, basically anything that is a need. Wolt, a food delivery app that’s expanded into groceries and retail, has raised 530 million as it tries to take on Amazon. Wolt used to only work in the restaurant department, but now it has increased its services and spread towards the grocery as well as retail section. Wolt has expanded itself to 23 countries, it was launched five years ago, back in 2015, by working with 10 restaurants at that time. Although Wolt has clearly declined to release any funding statements they have received the word of the mouth is that 530 million has been funded to them, while the additional funds that raised it to 856 million dollars are just rumors at this point, the rumors also say that the funds raised is even more than that, but only time will tell.

#Wolt 530m iconiq series#

The first round of the funding took the total funds to 530 million dollars, later Wolt got additional funding and it raised its funding to 856 million dollars. The Series E round led by Iconiq Growth brings the total raised by Wolt to 856 million, the company said in a statement Monday. The previous backers such as the Highland Europe, 83North, Goldman Sachs Growth Equity, as well as the Vintage Investment Partners and EQT Ventures also funded later on.

The 530 million dollars backing came from Iconiq Growth, the other backers who participated were the DST, KKR, Tiger Global, Coatue, EQT Growth, and Prosus. Wolt Closes 530M in Funding Finland Published on January 25, 2021January 25, 2021By FinSMEs Wolt, a Helsinki, Finland-based food, grocery, and retail delivery company technology company, closed a. 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 530 million dollars backing came from Iconiq Growth, the other backers who participated were. Currently they have gotten a funding of 530 million dollars. Currently they have gotten a funding of 530 million dollars. This online ordering service has been expanding to various sectors in order to give them a delivery service.