Wolt

Wolt Raises $530M in Series E

Wolt has successfully raised $530M in a Series E at a $8.3B valuation led by ICONIQ Capital, 83North, Highland Europe, EQT Ventures, Goldman Sachs, DST Global.

Company Overview

Wolt is a Delivery company headquartered in Lapinlahdenkatu 16, Helsinki 00180, Finland, founded in 2014 with 4000+ employees.

Food delivery platform

Fundraising Details

• Amount Raised: $530M
• Round Type: Series E
• Valuation: $8.3B
• Date: 2024-10-21
• Investors: ICONIQ Capital, 83North, Highland Europe, EQT Ventures, Goldman Sachs, DST Global

About Wolt

Food delivery platform The company is positioned in the Delivery sector, serving a growing market with innovative solutions.

Key Information

• Headquarters: Lapinlahdenkatu 16, Helsinki 00180, Finland
• Founded: 2014
• Team Size: 4000+
• Industry: Delivery

What This Means

This funding round demonstrates strong investor confidence in Wolt's vision and execution. The capital will likely be used to:

• Scale Operations: Expand the team and operational capacity
• Product Development: Enhance existing products and develop new features
• Market Expansion: Enter new markets and strengthen presence in existing ones
• Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The Delivery sector continues to attract significant investment as companies innovate to meet evolving market demands. Wolt's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $8.3B valuation marks an important milestone for Wolt, positioning the company among notable players in the Delivery industry.

Looking Ahead

With this new capital, Wolt is well-positioned to execute on its growth strategy and continue building innovative solutions in the Delivery space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2024-10-21. For more information about Wolt, visit their headquarters at Lapinlahdenkatu 16, Helsinki 00180, Finland.