Delivery Hero co-founder Gadowski backs unicorn food delivery app Wolt
Delivery Hero co-founder and serial entrepreneur Lukasz Gadowski (pictured) has invested EUR7.5 million in Finnish food delivery company Wolt, which recently achieved unicorns status with its EUR1 billion valuation following expansion into Japan and Germany.
The food delivery app, which allows users to order their meal to be delivered, have it as takeaway, or to be eaten at a restaurant and is led by co-founder and CEO Miki Kuusi, employs over 1500 people today. Gadowski is investing 7.5 million euros in Wolt as a private angel investor, and with this investment Wolt has now raised EUR267 million in total.
“This investment isn’t about the money, rather it’s about joining forces with Lukasz. As one of the co-founders of Delivery Hero, Lukasz knows the ins and outs of our industry and he has first-hand knowledge in how we can become an international brand,” explained Miki Kuusi, CEO and co-founder of Wolt.
Existing investors include ICONIQ Capital, Highland Europe, 83North, EQT Ventures, Inventure, Lifeline Ventures, Goldman Sachs Growth Equity, Supercell founder & CEO Ilkka Paananen and Nokia chairman Risto Siilasmaa, among others.
Food delivery platform Wolt was founded in Helsinki, Finland six years ago, and has now expanded to span 23 countries and over 100 cities across the world. It serves food from more than 20,000 restaurants in collaboration with over 45,000 courier partners.
The technology platform launched operations in Germany in August this year. “I was looking for ways to make the food delivery scene in Germany better. Our paths crossed with Miki and I was impressed by Wolt as a company,” Lukasz Gadowski commented on the deal.
“Their DNA is a mix of technology and efficiency paired with customer obsession and operational drive. I am investing into Wolt because they offer a high-quality delivery service and they have the potential to become a global brand. I wish to add to their success and help the team reach their long-term goals,” he added.