Finnish Foodtech Startup Wolt Announces Raising $11 Million

    Wolt, the Finnish application for ordering food, has closed an investment round of 11 million dollars, bringing the company’s total funding to 14 million dollars. The investors of the round include EQT Ventures, Skype founder Niklas Zennström, Supercell CEO Ilkka Paananen and Nokia chairman Risto Siilasmaa.

    “We honestly couldn’t think of better partners on the planet to help us on our journey,” says Miki Kuusi, the founder and CEO of Wolt. He adds that they find EQT Ventures “by far one of the most interesting VC initiatives in Europe”.

    “They have founders such as Kees Koolen, who took the online hotel booking service from 1 million to 50 billion in revenue. He’s also been a growth advisor for Uber since the very beginning. Or take Lars Jörnow, who was key in bringing King and their Candy Crush to their stardom,” describes Kuusi.

    The company is also launching today in Stockholm, as the first city outside Finland. In their home field, more than 100 000 users and 400 restaurants have signed up for Wolt in less than a year.

    “We have a great launch team now in place in Stockholm and are looking to hire people in other Nordics as well. It’s an exciting time for us,” Kuusi says.