Wolt raises €7.5m from angel investor Lukasz Gadowski

Gadowski, who co-founded food delivery startup Delivery Hero, said the company is catering to customers, couriers and restaurants in a way that's creating value for all three, and that the company "has tremendous potential to become a long-term success story".

The investment brings the total amount Wolt has raised to €267m. Earlier this year, it raised €100m in a series-D funding round from current investors Iconiq Capital, Highland Europe, 83North and EQT Ventures, as well as new investor Goldman Sachs Growth Equity. 

Miki Kuusi, CEO and co-founder of Wolt, said Gadowski knew the ins and outs of the industry and had first-hand knowledge in how Wolt could become an international brand.

Previous funding
In November 2014 and 2015, Wolt raised an undisclosed amount in angel and seed rounds, according to Crunchbase. It raised $12.5m in a series-A round in April 2016 from EQT Ventures, and private investors Niklas Zennström, Ilkka Paananen and Risto Siilasmaa.

This was followed by a $30m series-B round led by 83North in January 2018, and a €137m series-C round led by Iconiq Capital in June 2019. Highland Europe, EQT Ventures and Lifeline Ventures also invested in the rounds. 

In May 2020, it raised €100m in a series-D round from Iconiq Capital, Highland Europe, 83North and EQT Ventures, and new investor Goldman Sachs Growth Equity. 

Company
Founded in 2014 and based in Helsinki, Wolt provides an online food delivery platform. It has operations in 23 countries and in 100 cities globally. It employs 1,000 staff. 

People
Wolt – Miki Kuusi (CEO, co-founder).

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