Wolt

Wolt is a Finnish technology company known for its food-delivery platform. Customers can order food from the platform's restaurant partners via mobile apps or a web browser, and either pick it up or have it delivered by the platform's courier partners.

Wolt
IndustryFood delivery app
FoundedOctober 6, 2014 (2014-10-06)
Helsinki, Finland
FoundersMiki Kuusi, Elias Aalto, Mika Matikainen, Oskari Pétas, Lauri Andler, Juhani Mykkänen
Areas served
Websitewolt.com

History

Wolt was founded in 2014 by a CEO of Slush Miki Kuusi, and is headquartered in Helsinki, Finland. Later, two successive Slush CEOs, Riku Mäkelä and Marianne Vikkula, switched to Wolt as well.[1]

In January 2018, Wolt raised $30 million in funding, according to Bloomberg.[2]

As of September 2019, Wolt operates in 18 countries and over 60 cities, including Tampere, Turku,[3] Tallinn, Stockholm, Berlin, Vilnius, Copenhagen, Oslo, Prague, Brno, Belgrade, Baku, Tbilisi, Athens, Tel Aviv and Zagreb.[4][5] Wolt has over 6000 restaurant partners, 12 000 courier partners and 3 million registered users.

Wolt has raised €150M[2][6] in funding from investors including ICONIQ Capital, Highland Europe, 83North, EQT Ventures, Inventure, Lifeline Ventures, Supercell founder & CEO Ilkka Paananen and Nokia Chairman Risto Siilasmaa, among others. The most recent funding round was announced in June, 2019.[7] Wolt has over 530 employees, and it has publicly stated aiming to hire 1,000 more by the end of 2020.[8]

Wolt was ranked second in the 2020 edition of the FT:1000 Europe’s Fastest Growing Companies 2020 published by the Financial Times.[9]

Timeline

References
  1. Lappalainen, Elina (2019-06-24). "Miki Kuusi nappasi entiset Slushin toimitusjohtajat Woltiin – Onko Slush-nuorisosta muodostumassa Suomen oma PayPal-mafia?" [Miki Kuusi captures former Slush CEOs in Wolt - Is Slush Youth Becoming Finland's Own PayPal Mafia?]. Talouselama (in Finnish). Retrieved 2019-10-22.
  2. Kahn, Jeremy (2019-06-19). "Finnish Food Delivery App Wolt to Hire 1,000 After New Funding". Bloomberg. Retrieved 2019-10-22.
  3. Novac, Dragos (29 March 2017). "Wolt officially launches its food delivery app in Denmark". Nordic 9.
  4. Turula, Tom (2 March 2017). "Finnish food app Wolt is taking on Just Eat in Copenhagen – using learnings from Stockholm". Business Insider.
  5. Wauters, Robin (16 April 2016). "Finnish food ordering startup Wolt nabs €10 million in funding". Tech.eu.
  6. Ohr, Thomas. "Helsinki-based food delivery service Wolt raises $160 million to fuel international growth | EU-Startups". Retrieved 2019-10-22.
  7. Lappalainen, Elina. "Näin Wolt sai 110 miljoonan euron kasvupotin Piilaakson miljardöörikerman rahastolta – Miki Kuusi: "Se on kuin deittailisit päivällisellä, joka jatkuu aamusta iltaan"" [This is how Wolt got a $110 million growth pot from the Silicon Valley Billionaire's Cream Fund - Miki Kuusi: "It's like dating at dinner, which lasts from morning to night"]. Talouselämä (in Finnish). Retrieved 2019-10-22.
  8. "Wolt is investing in tech and expansion and hiring 1,000 people by the end of 2020 – a Q&A on our new funding". Wolt. 2019-06-19. Retrieved 2019-10-22.
  9. "FT 1000: the fourth annual list of Europe's fastest-growing companies". www.ft.com. 2020-03-02. Retrieved 2020-03-23.
  10. "Wolt delivers the goods with robots". Good News from Finland. 28 November 2016.
  11. "Starship hakkab Tallinnas toitu koju tooma". Arvutimaailm (in Estonian). 28 November 2016.
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