Helsinki-based food delivery service Wolt raises $160 million to fuel international growth
Summary
Wolt, the Helsinki-based food delivery service, announced today that it has raised $160 million in new financing. The latest funding consists of two previously undisclosed rounds, including the most recently closed $130 million Series C led by ICONIQ Capital and the previous $30 million Series B, which was led by 83North in January 2018. However, while virtually everyone operating in this market can show extremely strong growth, it is incredibly difficult to do this while also building a viable business for the long-term. We are looking forward to working with the fantastic Wolt team, which is delivering rapid growth and expansion in the global food delivery industry while building a robust and sustainable operation for the long term,” said Greg Stanger, General Partner at ICONIQ Capital. In addition to being a technology company, Wolt has built a strong operational track record and foundation.