WOLT

WOLT

Wolt is a company that provides an online food delivery service

Wolt is a company that provides an online food delivery service as well as real-time logistic optimizations. The company was founded in 2014 by Elias Piteila, Juhani Mykkanen, Lauri Andler, Mika Matikainen, Miki Kuusi, and Oskari Petas, and was founded in Helsinki, Southern Finland, Finland.

The company operates in twenty countries in the European Union to bring food to customers for any occasion and at various locations. They look to provide an outlet of business to restaurants and couriers that connects them to customers and production opportunities.

COVID-19

With the outbreak of COVID-19 (coronavirus), Wolt looks to help consumers stay indoors and away from social interactions. The company has been following recommendations given by the World Health Organization as well as local authorities. They are providing no-contact-delivery and no-contact-pickup at restaurants. Minimizing human contact throughout the delivery process is the goal for Wolt.

Some of the recommendations that Wolt follows includes keeping hands clean as often as possible, minimizing contact at all doorsteps, regularly cleaning the delivery bag, follow guidance from local authorities, and if a courier feels unwell to stay home. They are also offering a COVID-19 partner support program to provide financial support to courier partners diagnosed with COVID-19 and are part of a mandatory quarantine.

Timeline

January 2021
WOLT raises a $530,000,000 series D round from Highland Europe, EQT Ventures, Tiger Global Ltd., Vintage Investment Partners, KKR, Prosus Ventures, ICONIQ Growth, Goldman Sachs Investment Partners, Coatue Management, DST Partners, EQT Growth and 83North.

Funding rounds

Funding round
Funding type
Funding round amount (USD)
Funding round date
Investment
WOLT Series D round January 2021
530,000,000
January 2021
1 Result
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People

Name
Role
LinkedIn

Elias Pietila

Elias Pietila

Miki Kuusi

Oskari Petas

Riku Makela

Further reading

Title
Author
Link
Type
Date

What Wolt is doing to help prevent the spread of Covid-19 - Wolt

Web

March 12, 2020

Wolt - Wolt

Web

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

Wolt

Miki Kuusi

Helsinki, Southern Finland, Finland

Delivery and logistics services

News

Title
Author
Date
Publisher
Description
Robin Wauters
January 25, 2021
Tech.eu
So now that the embargoed-until-tomorrow news is out there, yes, Finnish food delivery juggernaut Wolt has raised $530 million in fresh funding to boost its growth. The round, which takes its total raised to a hefty $856 million, was led by ICONIQ Growth with Tiger Global, DST, KKR, Prosus, EQT Growth and Coatue joining as [...]
Amy Lewin
January 25, 2021
Sifted
The Finnish delivery startup plans to expand its growing network of retail partners -- and help them take on Amazon.
Steve O'Hear
January 25, 2021
TechCrunch
Wolt, the Helsinki-based online ordering and delivery company that initially focused on restaurants but has since expanded to other verticals, has raised $530 million in new funding. The round was led by Iconiq Growth, with participation from Tiger Global, DST, KKR, Prosus, EQT Growth and Coatue. Previous backers 83North, Highland Europe, Goldman Sachs Growth Equity, [...]
Steve O'Hear
January 25, 2021
TechCrunch
Wolt, the Helsinki-based online ordering and delivery company that initially focused on restaurants but has since expanded to other verticals, has raised $530 million in new funding. The round was led by Iconiq Growth, with participation from Tiger Global, DST, KKR, Prosus, EQT Growth and Coatue. Previous backers 83North, Highland Europe, Goldman Sachs Growth Equity, [...]
Annie Musgrove
January 19, 2021
Tech.eu
Vok Bikes, a Tallinn-based electric cargo bike producer already working with Wolt, has received €800,000 in pre-seed funding from local funds, United Angels VC and Superangel, as well as some regional business angels, including Pipedrive's recently exited co-founders Ragnar Sass, Martin Henk and Martin Tajur. Designed specifically for couriers and postal workers, Vok's first 'pedelecs' [...]
Freya Pratty and Amy Lewin
January 12, 2021
Sifted
Deliveroo is set to expand into 100 more places across the UK, meaning two thirds of the population will be able to order from the company.

References

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