Finnish food ordering startup Wolt nabs €10 million in funding

Wolt, a Nordic food ordering startup, has raised €10 million from EQT Ventures, a relatively new European VC fund with half a billion euros assets under management, Skype and Atomico founder Niklas Zennström, Supercell founder Ilkka Paananen and Nokia chairman Risto Siilasmaa.

The round was led by EQT's Kees Koolen, who grew to $9 billion in revenue as CEO and was an early advisor at Uber for many years. It follows an earlier €2 million round.

Within a year, Wolt has managed to attract over 100,000 users in Finland with over 400 restaurant partners, and is now looking to expand to Stockholm and other cities/regions in the near future.

Wolt is led by Miki Kuusi, co-founder and CEO of both Slush and Startup Sauna, making him one hell of a fixture in the Nordic startup scene.

“We honestly couldn’t think of better partners on the planet to help us on our journey”, he says. “EQT Ventures are by far one of the most interesting VC initiatives in Europe in a very long time, really establishing a force to be reckoned with.”

Let's see if we can say the same about Wolt soon, as the food ordering and delivery space in Europe continues to heat up.

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