Wonder CEO Marc Lore announces $650 million Series D funding at $9 billion valuation

Corporate Action
โดย Yahoo Finance·Read original
Summary · why it matters

Wonder CEO Marc Lore announced a $650 million Series D funding round that values the food delivery startup at a $9 billion pre-money valuation. The round includes new investors such as funds managed by AllianceBernstein and ARK Invest. Wonder operates a vertically integrated food platform with brick-and-mortar locations that cook 26 different restaurant cuisines under one roof, and it owns delivery through its acquisition of GrubHub. The company plans to expand its restaurant offerings to hundreds per location using automation and robotics, including an 'infinite make line' from its Spice robotics acquisition that can produce 500 bowls per hour. Starting in November, Wonder will also launch a creator platform allowing anyone to build their own bowl concept for $10 a month.

Impact on stocks 2

Financials▲ · 1 stocks
AllianceBernstein Holding L.P.
AB
▲ PositiveCapitalrelevance

AllianceBernstein is a new investor in Wonder's $650M Series D round, indicating a positive capital deployment.

Artificial Intelligence▲ · 1 stocks

Off-coverage companies 3

Wonder GroupPrivate▲ Positive
Capitalrelevance

Wonder raised $650M Series D at $9B valuation, a major capital event.

ARK Investment Management LLCPrivate▲ Positive
Capitalrelevance

ARK Invest is a new investor in Wonder's $650M Series D round, indicating a positive capital deployment.

GrubhubPrivate± Mixed
relevance

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