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Marc Lore’s Food Delivery Startup Wonder Raises $350M At A $3.5B Valuation

Jun 17, 2022•about 3 years ago

Amount Raised

$350 Million

Food And BeverageOtherSoftware

Description

New York-based Wonder, a mobile restaurant delivery service led by Marc Lore, has raised $350 million in Series B funding. The company is now worth about $3.5 billion, according to The Wall Street Journal. The funding round was led by Bain Capital Ventures and included participation from Accel, Alpine Group, Amex Ventures, Forerunner, General Catalyst, GV, NEA, YieldStreet and others. This latest funding round brings Wonder’s total amount raised in debt and equity to $900 million.

Company Information

Company

Wonder

About

The startup partners with popular chefs to create exclusive menus and bring their recipes to mobile restaurants. The company has collaborated with several famous chefs, including Booby Flay, Nancy Silverton, Michael Symon and more. The Wall Street Journal reports that although Wonder currently has a limited market reach, the company plans to expand into new areas across the United States by 2035. “Wonder has a real opportunity to not only completely change how people eat, but also to create a better future with access to the world’s best food in a convenient, affordable, and sustainable way.” According to Wonder’s website, your order is cooked and plated “just steps away from your door, then served as soon as it’s ready.”In a blog post about the raise, Lore said Wonder is now available in 22 towns in New Jersey and services over 130,000 households.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech