What is Wolt?
Founded in 2014, Wolt operates a comprehensive digital marketplace that seamlessly connects customers, merchants, and delivery couriers. Through its mobile application, Wolt facilitates the ordering of a wide array of products and services, thereby enhancing sales reach for merchants and offering flexible earning opportunities for couriers. The company's technological endeavors span local logistics, retail software, and financial solutions, including its own grocery store brand, Wolt Market. Since its acquisition by DoorDash in May 2022, Wolt has significantly broadened its international footprint across Europe, Asia, and the Middle East.
How much funding has Wolt raised?
Wolt has raised a total of $819.4M across 6 funding rounds:
Series A
$12.5M
Series B
$30M
Series C
$130M
Other Financing Round
$108.1M
Private Equity
$8.8M
Other Financing Round
$530M
Series A (2016): $12.5M, investors not publicly disclosed
Series B (2018): $30M led by 83North, Highland Europe, EQT Ventures, and Lifeline Ventures
Series C (2019): $130M supported by ICONIQ Capital, Highland Europe, EQT Ventures, and Lifeline Ventures
Other Financing Round (2020): $108.1M featuring ICONIQ Capital, EQT AB, Highland Europe LLP, Goldman , Sachs & Co., and 83North Ltd
Private Equity (2020): $8.8M backed by Lukasz Gadowski
Other Financing Round (2021): $530M with participation from Tiger Global, ICONIQ Growth, Coatue, Prosus, KKR, EQT Growth, and Digital Sky Technologies
Key Investors in Wolt
83North
83North is a venture capital firm that invests in early-stage and growth-stage companies.
EQT Ventures
EQT Ventures is a venture capital firm focused on early-stage technology companies.
Lifeline Ventures
Lifeline Ventures is an early-stage investor that supports resilient founders from the inception of their entrepreneurial journey.
What's next for Wolt?
The substantial enterprise-level backing Wolt has received, particularly the recent strategic investment, positions the company for accelerated growth and market penetration. This capital infusion is likely to be directed towards enhancing its technological infrastructure, expanding its service offerings, and potentially entering new geographic markets. As part of the DoorDash ecosystem, Wolt is poised to leverage synergistic opportunities, further solidifying its position as a leading local commerce platform.
See full Wolt company page
