By Dominic Chopping

 

STOCKHOLM--Swedish private-equity company EQT AB said Monday that it has invested in Finnish food-delivery platform Wolt Enterprises Oy, as part of the company's $530 million capital raise.

EQT said its EQT Ventures I fund was one of Wolt's first investors, leading the company's Series A financing round in 2016, and has participated in all subsequent rounds, making the fund one of Wolt's largest owners.

EQT didn't disclose the size of its investment Monday but said its EQT Growth and EQT Ventures arms both participated in the round.

ICONIQ Growth led the latest round while Tiger Global Management LLC, DST, KKR & Co. Inc., Prosus N.V., EQT Growth and Coatue joined as new investors.

83North, Highland Europe, Goldman Sachs Growth Equity, EQT Ventures and Vintage Investment Partners from Wolt's existing investors also participated in the round.

The new round takes the total amount of financing Wolt has raised to $856 million.

Wolt was established in 2014 in Helsinki by Chief Executive Miki Kuusi and today partners with more than 30,000 restaurants and retail partners and 60,000 couriers in 129 cities across 23 countries.

 

Write to Dominic Chopping at dominic.chopping@wsj.com

 

(END) Dow Jones Newswires

January 25, 2021 08:38 ET (13:38 GMT)

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