Finnish food delivery service, Wolt, raises $160m

Helsinki-based food delivery service, Wolt, raised $160m to continue investing in global growth and expansion.

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.

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