2/19/2023 0 Comments Wolt 530m iconiq![]() Through its ventures team, Prosus invests in areas including health, logistics, blockchain, and social commerce. The group is focused on building meaningful businesses in the online classifieds, food delivery, payments and fintech, and education technology sectors in markets including India, Russia, and Brazil. ![]() Operating and investing globally in markets with long-term growth potential, Prosus builds leading consumer internet companies that empower people and enrich communities. Prosus is a global consumer internet group and one of the largest technology investors in the world. Compared to the $662 million in new capital that we’ve raised during the past year, this puts us into a strong position for investing in our people, technology, and markets when thinking about the next few years ahead.” Despite the turbulence of 2020, we’ve remained focused on growth, tripling our revenue to a preliminary $345 million against a net loss of $45 million. Kuusi concludes: “We operate in an extremely competitive and well-funded industry, and this round allows us to have a long-term mindset when it comes to doubling down on our different markets. For example, it’s now possible to purchase everything from cosmetics to pet food and pharmaceuticals on the platform. During the past year, Wolt has gone beyond restaurants and takeaways into the grocery and retail sectors. In just five years, Wolt has expanded to 23 countries and over 129 cities and partners with over 30 000 restaurants. Wolt launched in 2015 in Helsinki, Finland, with 10 restaurants. Miki Kuusi, CEO & co-founder of Wolt, said: "We raised this round of financing to strengthen our balance sheet further, 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.” The new round takes the total amount of financing Wolt has raised to $856 million. 83North, Highland Europe, Goldman Sachs Growth Equity, EQT Ventures and Vintage Investment Partners from Wolt’s existing investors also participated in the round. ICONIQ Growth led the round while Tiger Global, DST, KKR, Prosus, EQT Growth and Coatue joined as new investors. Helsinki, Finland, 26 January 2021 – The Helsinki-based technology company Wolt announces it has closed a $530 million round of financing.
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