Arma Partners advises Wolt on its $110 million growth financing
Arma Partners is pleased to announce that it has acted as exclusive financial advisor to Wolt on a $110 million growth capital raise, with Goldman Sachs Growth Equity participating as a new investor.
Wolt is a Helsinki-based food delivery service with operations in 22 countries and 80 cities, serving food from over 10,000 restaurants to homes and offices. The new funding will enable Wolt to support a growing base of restaurants and adjust to the demands of the Covid-19 environment. Other investors in this round include existing shareholders ICONIQ Capital, Highland Europe, 83North and EQT Ventures.
The transaction underlines Arma Partners’ position as a market-leading advisor on private capital funding mandates to both entrepreneurial and corporate clients through its Private Capital practice, utilising its strong connectivity across the full breadth of relevant investor categories globally. The transaction also highlights Arma Partners’ outstanding track record of building long-term client relationships as a trusted advisor and deep sector expertise in Foodtech, having advised Wolt for the second time less than 12 months after its $130m Series C led by ICONIQ Capital.