The latest funding consists of two previously undisclosed rounds. This includes the most recently closed $130 million Series C undertaken by Taylor Wessing and led by ICONIQ Capital.
A previous $30m Series B was led by 83North in January 2018. Total funds raised now stand at $175m.
Since launching in 2014, Wolt has expanded to a total of 15 countries and 50 cities. 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 in an efficient way.
The raise brought in a series of new strategic partners for Babylon. PIF, one of the world's largest sovereign funds; one of the largest US health insurers; ERGO Fund of global reinsurer Munich Re; and existing Babylon shareholders Kinnevik AB; and Vostok New Ventures, committed over $450m (which includes an option for one party to invest an addition USD50 million to be exercised at a later date), with the remainder expected to be closed shortly.
US telematics and technology solutions pioneer, CalAmp (Nasdaq: CAMP), acquires TRACKER, a LoJack® licencee and market leader in stolen vehicle recovery and telematics services across the UK.
We have advised long-standing client Monzo Bank on its £113m Series F fundraising round. Led by Y Combinator's Continuity fund, the investment has seen the post-money valuation of Monzo Bank soar to £2 billion.
Terra Verde holds the oldest cannabis cultivation licence in Portugal. The acquisition establishes EMMAC as the largest vertically integrated cannabis company in Europe.
E-commerce personalisation platform, RevLifter has raised £2.3 million in a seed funding round led by a syndicate of investors which includes Coutts.
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