Funding round
Wonder Seed
Wonder, which works in multi-cuisine food marketplace services in New York, raised $11M in a Seed round announced on 7 Dec 2020, led by EQT Ventures. 2 firms took part. It is Wonder's first venture round on record.
$11M
Amount raised
Not disclosed
Post-money valuation
2
Investors
1 lead
Valuation
What this round says about the price
Wonder did not disclose a valuation in this round. It is Wonder's first venture round on record, 4 years after it was founded in 2016. It is under 1% of the $2.56B Wonder has raised in the venture rounds on record. Wonder raised again 18 months later: a Series B round of $350M in Jun 2022, at $3.50B post-money.
Wonder's funding rounds
Wonder has 6 venture rounds on record. This one is highlighted.
Investors
Who put money in
EQT Ventures led the round with 1 other firm.
Lead investor
- EQT Ventures new investor
Also in the round
- backs 28 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, scaling operations and working capital.
- Hiring
- Product development
- Scaling operations
- Working capital
Comparable rounds
How it compares
9 Seed rounds in Food delivery within a year either side disclosed an amount; the median was $1.5M, and this round was 7.3 times the median. The closest in time, other companies' Seed rounds in Food delivery:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Food delivery | 23 Nov 2020 | $1.2M | not disclosed | Salem Capital Management |
| Food delivery | 20 Aug 2020 | $8.8M | not disclosed | not named |
| Food delivery | 16 Apr 2021 | $1.5M | not disclosed | Foxmont Capital Partners |
| Food delivery | 31 Aug 2020 | undisclosed | not disclosed | Iraq Tech Ventures |
| Food delivery | 3 Aug 2021 | $1.5M | not disclosed | not named |
| Food delivery | 9 Sep 2021 | $3.0M | not disclosed | not named |
| Food delivery | 24 Sep 2021 | $1.5M | not disclosed | MatterScale |
| Food delivery | 2 Sep 2021 | $1.1M | $11M | not named |
Sources
Where this comes from
Reported by 2 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Wonder raise in its Seed round?
Wonder raised $11M in its Seed round, announced in Dec 2020.
Who led Wonder's Seed round?
EQT Ventures led it, with BlueYard.
What was Wonder's valuation at the Seed round?
It was not disclosed.
How does it compare with other Seed rounds in Food delivery?
9 Seed rounds in Food delivery within a year either side disclosed an amount; the median was $1.5M, and this round was 7.3 times the median.
Did Wonder raise again after this round?
Yes: a Series B round in Jun 2022 of $350M at $3.50B post-money.