About Wolt
Wolt is a company based in Helsinki (Finland) founded in 2014 by Elias Aalto, Oskari Petas, Juhani Mykkanen, Miki Kuusi, and Lauri Andler was acquired by DoorDash in November 2021. It operates as a Two-Sided Marketplace, and Commission-Based. Wolt has raised $827.96 million across 8 funding rounds from investors including DoorDash, KKR and EQT. Wolt has completed 2 acquisitions, including Daily and Tazz. Wolt offers products and services including Wolt Delivery, Wolt Market, Wolt for Work, Wolt Drive, and Wolt+. Wolt operates in a competitive market with competitors including Glovo, Deliveroo, DoorDash, Foodpanda and Delivery Hero, among others.
- Headquarter Helsinki, Finland
- Founders Elias Aalto, Oskari Petas, Juhani Mykkanen, Miki Kuusi, Lauri Andler
- Stage Unicorn
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Sectors
ConsumerTransportation, Automotive & Logistics
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Email
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Phone
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Website
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Social
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Products & Services of Wolt
Wolt offers a comprehensive portfolio of products and services, including Wolt Delivery, Wolt Market, Wolt for Work, Wolt Drive, and Wolt+. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Food and groceries are delivered within 30 minutes.
Fresh groceries are delivered quickly to customers' locations.
Workplace happiness is enhanced through tailored delivery services.
Fast express deliveries are provided for e-commerce businesses.
Zero delivery fees are offered with subscription benefits.
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Software Development Team
51 people
Product Management Team
33 people
Human Resources and Administration
21 people
Operations Team
12 people
Support Team
10 people
Head Team
9 people
Creative and Marketing Team
6 people
Leadership Team
6 people
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Funding Insights of Wolt
Wolt has successfully raised a total of $827.96M across 8 strategic funding rounds. The most recent funding activity was a Series E round of $535.49 million completed in January 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 8
- Last Round Series E — $535.5M
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First Round
First Round
(01 Jun 2014)
- Investors Count 22
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jan, 2021 | Amount | Series E - Wolt | Valuation | ICONIQ Growth | |
| Oct, 2020 | Amount | Angel Round - Wolt | Valuation | Lukasz Gadowski |
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| May, 2020 | Amount | Series D - Wolt | Valuation | Highland Europe , Goldman Sachs Investment Partners |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Wolt
Wolt has secured backing from 23 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include DoorDash, KKR and EQT. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital is provided to technology companies by the firm.
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Founded Year | Domain | Location | |
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Venture and private equity investments are managed with global diversification.
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Founded Year | Domain | Location | |
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Tech companies are invested in by this venture capital firm.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Wolt
Wolt has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Daily and Tazz. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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An online platform is used for restaurant discovery and ordering.
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2016 | ||||
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Provider of an app for managing delivery services
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2013 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Wolt
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Wolt Comparisons
Competitors of Wolt
Wolt operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Glovo, Deliveroo, DoorDash, Foodpanda and Delivery Hero, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online marketplace offering multi-category grocery products
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| domain | founded_year | HQ Location |
Platform offering food and grocery delivery services
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| domain | founded_year | HQ Location |
Food and grocery deliveries are facilitated through an app-based platform.
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| domain | founded_year | HQ Location |
Online food ordering and delivery platform
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| domain | founded_year | HQ Location |
Food ordering and delivery services are facilitated online.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Wolt
Frequently Asked Questions about Wolt
When was Wolt founded?
Wolt was founded in 2014.
Where is Wolt located?
Wolt is headquartered in Helsinki, Finland.
Who is the current CEO of Wolt?
Miki Kuusi is the current CEO of Wolt. They have also founded this company.
Is Wolt a funded company?
Wolt is a funded company, having raised a total of $827.96M across 8 funding rounds to date. The company's 1st funding round was a Series D of $110M, raised on Jun 01, 2014.
What does Wolt do?
Wolt is managed as a leading delivery platform connecting customers with restaurants, stores, and couriers across multiple countries. Operations are focused on providing fast, reliable, and affordable delivery services for food, groceries, and other essentials within 30 minutes. Solutions such as Wolt Market for groceries, Wolt for Work for corporate needs, and Wolt Drive for e-commerce logistics are offered. The platform is supported by a high-rated mobile app and a dedicated support team. Expansion is seen in various sectors including retail and workplace services across Europe, Asia, and the Middle East.
What products or services does Wolt offer?
Wolt offers Wolt Delivery, Wolt Market, Wolt for Work, Wolt Drive, and Wolt+.
Who are Wolt's investors?
Wolt has 23 investors. Key investors include DoorDash, KKR, EQT, Prosus, and ICONIQ Growth.
What is Wolt's valuation?
The valuation of Wolt is $1B as of Jan 2021.
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