Helsinki-based Wolt closes a $530 million financing round

Finnish food-delivery company Wolt has closed a $530 million financing round. According to a press release, the round was led by ICONIQ Growth while Tiger Global, DST, KKR, Prosus, EQT Growth, and Coatue joined as new investors. 83North, Highland Europe, Goldman Sachs Growth Equity, EQT Ventures, and Vintage Investment Partners from Wolt’s existing investors also participated in the round. 

Founded in 2014 by Elias Aalto, Juhani Mykkänen, Lauri Andler, Mika Matikainen, Miki Kuusi, Oskari Petas in Helsinki, Finland with 10 restaurants. Wolt is a technology company that has its food delivery platform which enables its users to easily discover and get the best restaurants, grocery stores, and other local shops delivered to home or office. Moreover, now it’s possible to purchase everything from cosmetics to pet food and pharmaceuticals on the platform.

“We raised this round of financing to further strengthen our balance sheet, allowing us to think long-term and double down on building even stronger positions across our markets while continuing to expand our offering beyond the restaurant.” Miki Kuusi, CEO & co-founder of Wolt says. To date, Wolt has expanded to 23 countries and 129 cities.