EQT Invests in Food Delivery Platform Wolt As Part of $530 Million Capital Raise
By Dominic Chopping
STOCKHOLM--Swedish private-equity company EQT AB said Monday
that it has invested in Finnish food-delivery platform Wolt
Enterprises Oy, as part of the company's $530 million capital
EQT said its EQT Ventures I fund was one of Wolt's first
investors, leading the company's Series A financing round in 2016,
and has participated in all subsequent rounds, making the fund one
of Wolt's largest owners.
EQT didn't disclose the size of its investment Monday but said
its EQT Growth and EQT Ventures arms both participated in the
ICONIQ Growth led the latest round while Tiger Global Management
LLC, DST, KKR & Co. Inc., Prosus N.V., EQT Growth and Coatue
joined as new investors.
83North, Highland Europe, Goldman Sachs Growth Equity, EQT
Ventures and Vintage Investment Partners from Wolt's existing
investors also participated in the round.
The new round takes the total amount of financing Wolt has
raised to $856 million.
Wolt was established in 2014 in Helsinki by Chief Executive Miki
Kuusi and today partners with more than 30,000 restaurants and
retail partners and 60,000 couriers in 129 cities across 23
Write to Dominic Chopping at email@example.com
(END) Dow Jones Newswires
January 25, 2021 08:38 ET (13:38 GMT)
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