Wonder founder and CEO Marc Lore announced that the company has raised $600 million in additional funding to expand and further its goal of creating the super app for mealtime. This funding included participation from major existing shareholders, led by New Enterprise Associates (NEA), Accel, GV (Google Ventures), Forerunner, and further investment from strategic investors, including Amex Ventures.
What the funding will be used for: The company plans to use this latest funding to continue accelerating the expansion of our physical retail locations, opening one a week with plans to grow from the current base of 46 locations to 90+ by the end of 2025. And Lore said that they are excited to bring Wonder to more communities throughout the Northeast, and are focusing on expansion into Philadelphia and D.C.
Notable company deals: Wonder is known for also buying Grubhub for $650 million a few months ago. In November 2023, Wonder bought Blue Apron for $103 million. And it is believed that Wonder is now valued at about $7 billion based on the latest rounds of funding.
What Wonder does: Wonder aims to make world-class food within reach, no matter where you live. And it offers access unique restaurants to order from, brought to your door in under 35 minutes on average, and to enable you to order from multiple restaurants all in one order. The restaurant partners include Alanza Pizza, Bellies, Tejas Barbecue, Streetbird by Marcus Samuelsson, Royal Greens, Fred’s Meat & Bread, Yasas by Michael Symon, Wing Trip, Di Fara, Room for Desset, Limesalt, Sripraphai, Bobby Flay Steak, Burger Baby, Alanza, The Mainstay by Marc Murphy, Walnut Lake by Jonathan Waxman, Chios Taverna by Michael Symon, Maydan, Kin House, Mr. D’s Fried Chicken, Detroit Brick Pizza Co., Hanu Poke, Bankside by JJ Johnson, Barrio Cafe, Table No. 1, and Jota by Jose Andres.
