![]() The funds came from existing investors including ICONIQ. ![]() Iconiq didn’t immediately respond to a request for comment. The round will be led by ICONIQ Capital, the investment group which manages the fortune of Facebook's founder, Mark Zuckerberg, one of the private equity insiders said. (Bloomberg) - Wolt, a Finnish food-delivery company, has raised 100 million euros (108 million) to prepare for an economic downturn. New backers joining the round included KKR & Co., Tiger Global. Last year, Dyal Capital Partners bought a roughly 6% stake in the firm. The Series E round led by Iconiq Growth brings the total raised by Wolt to 856 million, the company said in a statement Monday. On-demand delivery giant DoorDash announced Tuesday it was acquiring food delivery company Wolt in an all-stock deal valued at 7 billion, or 8.1 billion. Wolt, the Helsinki-based online ordering and delivery company that initially focused on restaurants but has since expanded to other verticals, has raised 530 million in new funding. It’s now an institutional asset manager with pension funds such as the Canada Pension Plan Investment Board among its fund investors. Iconiq has moved well beyond just serving the ultra wealthy. food-delivery startup Deliveroo is said to be exploring a IPO this year, thanks to the popularity of takeout meals amid coronavirus-induced lockdowns. Payments business became Europe’s largest startup last month after a fundraising round nearly tripled its valuation to $15 billion and U.K. In every way, we believe Wolt embodies this mission. The move shows the growing appetite for European startups, which have typically commanded lower valuations than their U.S. ICONIQ Growth goal since inception is to partner with category defining companies and exceptional leaders who drive global impact and change. Iconiq is now looking for a new investment partner to oversee its European investments, Business Insider reported earlier Monday, citing people familiar with the matter without identifying them. ![]() In Europe, the firm put money into fintech Adyen in 2015, scoring a huge win for its investors and has more recently backed Finnish food delivery startup Wolt. The Technology and Private Equity teams advised 83North, EQT, ICONIQ Growth and certain other investors in Wolt Enterprises OY (Wolt), in connection with the sale of Wolt, to DoorDash (NYSE: DASH) in an all-stock transaction valued at approximately 7.0 billion, subject to customary purchase price adjustments. In Europe, the firm put money into fintech Adyen in 2015, scoring a huge win for its investors and has more recently backed Finnish food delivery startup Wolt. It has backed companies such as Snowflake Inc., Epic Games Inc., the creator of Fortnite, and online trading app Robinhood Markets. The San Francisco-based firm, which now has about $54 billion in assets under management, uses its network to invest in startups globally.
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