Wolt announced raising a $530 million round of financing led by ICONIQ Growth.

Sweden Finland United Kingdom Netherlands United States Israel Russia 23 January 2021

Wolt, a Helsinki, Finland-based food delivery company, announced the completion of a $530 million capital funding round.

The total value is a combination of capital investment and secondary deals and was raised from investors led by US-based Iconiq Growth (an investment vehcile operated by Iconiq Capital) and included contributions from Tiger Global, DST, KKR, Prosus, EQT Growth and Coatue.

Existing shareholders 83North, Highland Europe, Goldman Sachs Growth Equity, EQT Ventures and Vintage Investment Partners also participated in the round.

Wolt, founded in 2015 and led bY CEO Miki Kuusi, is a food delivery operations active in 23 countries and 129 cities. The compay has expanded operations from restaurants and takeaways to the the grocery and retail sectors: for example it’s now possible to purchase everything from cosmetics to pet food and pharmaceuticals on the platform.

Wolt has previously raised about $300 million.

Total investments received (USD): 822.09M