wolt helsinkibased iconiq growthheartechcrunch

#Wolt helsinkibased iconiq growthheartechcrunch series#

In particular we were attracted to the company’s compelling operating model, with exceptional efficiency and unit economics. “Wolt is a special company in numerous dimensions. Wolt’s solution to food delivery is based on its proprietary technology: the company’s platform optimises logistics in real-time, allowing Wolt to deliver food more efficiently than the wider industry. Since then, Wolt has expanded to a total of 15 countries and 50 cities across EMEA. Just a bit over a year ago, Wolt operated in four countries and 10 cities in the Nordics.

This new round of financing is testament to how far we’ve come in that regard, and how much there is still to do,” says Miki Kuusi, the CEO of Wolt. This is what Wolt focuses on – building the most efficient company in food delivery.

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. This is a massive opportunity across all geographies for companies like Wolt to tackle. “The online food delivery market is estimated to grow globally from $35 billion today to $365 billion by 2030. Highland Europe, EQT Ventures and Lifeline Ventures also invested as part of the rounds. The fresh capital will be used to continue investing in growth and expansion.

#Wolt helsinkibased iconiq growthheartechcrunch series#

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. Wolt expanding in Frankfurt and Germany was originally published in FrankfurtValley on Medium, where people are continuing the conversation by highlighting and responding to this story.Wolt, the Helsinki-based food delivery service, announced today that it has raised $160 million in new financing. Wolt has raised €267M in funding from investors including ICONIQ Capital, Highland Europe, 83North, EQT Ventures, Inventure, Lifeline Ventures, Goldman Sachs Growth Equity, Supercell founder & CEO Ilkka Paananen and Nokia Chairman Risto Siilasmaa, among others. The company was founded in 2014 in Helsinki, employs around 2000 people today, and is led by its co-founder and CEO Miki Kuusi. Wolt disclosed the achievement of sales of more than 100 million euros in 2019. Indeed one of its investors, Lukasz Gadowski, is the co-founder of Delivery Hero. That is about half as many as the leading German delivery company Delivery Hero has on its list. The company operates in 23 countries around the world. Wolt´s CEO, Miki Kuusi , confirmed to FAZ, that the service is working with 70 restaurants in Frankfurt including “Best Woscht in Town”, “Mosch Mosch” or “FIVE GUYS”.

Lieferdienst expandiert: Wolt liefert Essen jetzt auch in München und Frankfurt The publication FAZ also highlighted the story (in German): In addition, a general manager for Germany has been hired and several open positions are available to support the growth and the operation.Īfter the “exit” of Deliveroo from the market, Liferando was the main big player in the food delivery service in Germany, but this may be about to change. Just a few months ago, the food delivery service was launched in Berlin and this week is officially live in our Valley. Finnish food delivery company Wolt is now offering its service in the German cities of Frankfurt and Munich.