Finnish food delivery startup Wolt raises funding from Nokia chairman, Skype founder

Finnish food ordering startup Wolt on Friday announced it had raised $11 million of new funding from investors including Nokia Chairman Risto Siilasmaa and Niklas Zennstrom, the founder of video chat service Skype.

The lead investor of the fund raising round was EQT Ventures, and other shareholders included Ilkka Paananen, the CEO of mobile games firm Supercell.

Kees Koolen, former CEO of Booking.com and a co-founder of EQT Ventures, will join Wolt’s board of directors.

Wolt joins a string of recently-founded companies in the food delivery market, including Berlin-based Delivery Hero, valued at about $3 billion, and Britain’s Deliveroo.

Users of Wolt’s mobile app can order home-delivered food and follow the delivery updates on a Uber-style map. About 400 restaurants and 100,000 users have signed up in Finland, and on Friday the company launched in Stockholm.

“We are looking to expand to other countries, starting with the Nordic region,” Wolt CEO Miki Kuusi said.

Also read:

UK’s Deliveroo raises $100m from DST Global, Greenoaks to expand restaurant takeaway biz

Skype co-founder launches ultra-private messaging platform with video

Reuters

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.