Wolt – EUR 100 Million Funding Round

We advised Wolt Enterprises Oy as its Finnish counsel in securing a new EUR 100 million round of funding. The round was raised from current investors, including ICONIQ Capital, Highland Europe, 83North and EQT Ventures, with Goldman Sachs’ Growth Equity team joining as a new investor.

We previously assisted Wolt in two financing rounds in 2018–2019, in which Wolt raised a total of EUR 137 million of venture capital investments from international and Finnish investors. The purpose of the 2019 round was to fuel growth, marketing and hiring. Since then, Wolt has grown to serve 5 million customers in 22 countries. Wolt is a Finnish technology company operating in the food delivery industry.