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Announced

Completed

ICONIQ led the $530m round for Wolt.

Financials

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Transaction Value£387m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

IT Services: Other

it services

food and beverage

food delivery platform

internet

Finland

Acquisition

Single Bidder

Minority

Cross Border

Friendly

Private Equity

Completed

Synopsis

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ICONIQ, an investment firm led the $530m round for Wolt, a Helsinki-based technology company providing food delivery platform. Tiger Global, DST, KKR, Prosus, EQT Growth and Coatue joined as new investors. Existing investors 83North, Highland Europe, Goldman Sachs Growth Equity and Vintage Investment Partners also participated in the round. “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, Wolt CEO & Co-Founder.

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