HELSINKI, April 15 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
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.
(Reporting by Jussi Rosendahl; editing by David Clarke)