Wolt Closes $530M in Funding


Wolt, a Helsinki, Finland-based food, grocery, and retail delivery company technology company, closed a $530m round of financing.

The round, which brought the total amount raised to $856m, was led by Iconiq Growth with participation from new investors Tiger Global, DST, KKR, Prosus, EQT Growth and Coatue and existing investors 83North, Highland Europe, Goldman Sachs Growth Equity, EQT Ventures and Vintage Investment Partners.

The company intends to use the funds to expand its reach across key global markets and its offering beyond the restaurant.

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 currently working with 30,000+ restaurant and retail partners, 1,500+ stores across different markets, 60,000+ courier partners and 2,200 employees.

The company recently expanded into Japan and Germany, so now operates in 23 countries and 129 cities.