Helsinki\/ Stock\u00adholm \u2014 EQT is plea\u00adsed to announce that EQT Growth has inves\u00adted in Wolt Enter\u00adpri\u00adses Oy (\u201cWolt\u201d or \u201cthe Company\u201d), a leading food deli\u00advery plat\u00adform. The invest\u00adment, which is the first by the EQT Growth stra\u00adtegy, is made through EQT AB\u2019s balance sheet and is part of Wolt\u2019s USD 530 million capi\u00adtal raise. EQT Growth will, toge\u00adther with EQT Ventures, support Wolt on its acce\u00adle\u00adra\u00adted expan\u00adsion jour\u00adney into new geogra\u00adphies and verticals<\/p>\n
Wolt was estab\u00adlished in 2014 in Helsinki, Finland by CEO Miki Kuusi who had a vision of crea\u00adting a tech\u00adno\u00adlogy company that would make it easy and fun to disco\u00adver great food and get it delivered
\ndirectly to your home or office. Since then, Wolt has expan\u00added rapidly and today the Company
\npart\u00adners with over 30,000 restau\u00adrants and retail part\u00adners and 60,000 couriers in 129 cities across 23 count\u00adries. Wolt\u2019s plat\u00adform and deli\u00advery infra\u00adstruc\u00adture provide great custo\u00admer conve\u00adni\u00adence and new reve\u00adnue oppor\u00adtu\u00adni\u00adties for both restau\u00adrants and retailers.<\/p>\n
The trans\u00adfor\u00adma\u00adtion of food deli\u00advery into a digi\u00adtal service model has acce\u00adle\u00adra\u00adted over the past years and the market is esti\u00adma\u00adted to be worth around USD 365 billion by 2030 (accor\u00adding to UBS Evidence Labs\u2019 report from June 2020). The combi\u00adna\u00adtion of mobile app usage, connec\u00adted restau\u00adrants and onde\u00admand deli\u00advery networks have paved the way for tech\u00adno\u00adlogy plat\u00adforms, such as Wolt.<\/p>\n
The EQT Ventures I fund was one of Wolt\u2019s first inves\u00adtors and led the Company\u2019s Series A finan\u00adcing round in 2016 and has parti\u00adci\u00adpa\u00adted in all subse\u00adquent rounds, making the fund one of Wolt\u2019s largest owners. Since then, the EQT plat\u00adform has provi\u00added active board and opera\u00adtio\u00adnal support to the Wolt team and EQT will conti\u00adnue to part\u00adner with the Company on its mission to make cities better places to live and by enab\u00adling econo\u00admic oppor\u00adtu\u00adni\u00adties in local commu\u00adni\u00adties. Wolt offsets 100 percent of its deli\u00advery-services\u2019 CO2 emis\u00adsi\u00adons and will conti\u00adnue the imple\u00admen\u00adta\u00adtion of its green agenda with support from EQT\u2019s sustaina\u00adbi\u00adlity team and global advi\u00adsory network.<\/p>\n
Johan Svan\u00adstrom, Part\u00adner and Invest\u00adment Advi\u00adsor at EQT Part\u00adners<\/strong>EQT Growth is proud to support Wolt with both capi\u00adtal and compe\u00adtence as the company expands to new heights. Ever since EQT Ventures part\u00adne\u00adred with CEO Miki Kuusi and his team in 2016, we have seen Wolt build an incre\u00addi\u00adbly effec\u00adtive and inter\u00adna\u00adtio\u00adnal growth machine with strong empha\u00adsis on respon\u00adsi\u00adble part\u00adner\u00adships and great custo\u00admer solu\u00adti\u00adons. We believe that there are strong pros\u00adpects for contin\u00adued inter\u00adna\u00adtio\u00adnal expan\u00adsion and deeper pene\u00adtra\u00adtion in the company\u2019s core markets.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":" Helsinki\/ Stock\u00adholm \u2014 EQT is plea\u00adsed to announce that EQT Growth has inves\u00adted in Wolt Enter\u00adpri\u00adses Oy (\u201cWolt\u201d or \u201cthe Company\u201d), a leading food deli\u00advery plat\u00adform. The invest\u00adment, which is the first by the EQT Growth stra\u00adtegy, is made through EQT AB\u2019s balance sheet and is part of Wolt\u2019s USD 530 million capi\u00adtal raise. EQT [\u2026]<\/p>\n","protected":false},"author":2,"featured_media":36596,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[886,1364,1365,1366,1369,1373],"tags":[],"class_list":["post-43394","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-en","category-featured-en","category-private-equity-en","category-news-en","category-investors","category-venture-capital-en","news-category-private-equity-news-en"],"yoast_head":"\n