Funding round
Wonder Series B
Wonder, which works in multi-cuisine food marketplace services in New York, raised $350M in a Series B round announced on 14 Jun 2022, led by Bain Capital Ventures, at a $3.50B post-money valuation. 9 firms took part. It is Wonder's second venture round on record; the one before was a Seed in Dec 2020.
$350M
Amount raised
$3.50B
Post-money valuation
$3.15B pre-money
9
Investors
1 lead
10%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Wonder at $3.50B after the new money. The $350M bought investors about 10% of the company. It came 18 months after Wonder's Seed. It is 14% of the $2.56B Wonder has raised in the venture rounds on record. Wonder raised again 21 months later: a Series C round of $700M in Mar 2024. Its next priced round, a Growth in May 2025, valued it at $7.00B.
Wonder's funding rounds
Wonder has 6 venture rounds on record. This one is highlighted.
Investors
Who put money in
Bain Capital Ventures led the round with 8 other firms.
Lead investor
- Bain Capital Ventures backs 220 venture-backed companies new investor
Also in the round
- Accel backs 581 venture-backed companies new investor
- Alpine Group new investor
- Amex Ventures new investor
- backs 99 venture-backed companies new investor
- General Catalyst backs 574 venture-backed companies new investor
- GV backs 428 venture-backed companies new investor
- New Enterprise Associates backs 286 venture-backed companies new investor
- YieldStreet new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
5 Series B rounds in Food delivery within a year either side disclosed an amount; the median was $47M, and this round was 7.4 times the median. The closest in time, other companies' Series B rounds in Food delivery:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Food delivery | 7 Jun 2022 | $18M | not disclosed | International Finance Corporation and March Holding |
| Food delivery | 2 Mar 2022 | $74M | not disclosed | CRV |
| Food delivery | 3 Jan 2022 | $100M | not disclosed | NordicNinja and Skaala |
| Food delivery | 1 Nov 2022 | $20M | not disclosed | Gogoro |
| Food delivery | 1 Sep 2021 | $47M | not disclosed | Insight Partners |
Sources
Where this comes from
Reported by 3 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 Series B round?
Wonder raised $350M in its Series B round, announced in Jun 2022.
Who led Wonder's Series B round?
Bain Capital Ventures led it, with Accel, Alpine Group, Amex Ventures, Forerunner and General Catalyst and 3 more.
What was Wonder's valuation at the Series B round?
$3.50B post-money ($3.15B pre-money).
How does it compare with other Series B rounds in Food delivery?
5 Series B rounds in Food delivery within a year either side disclosed an amount; the median was $47M, and this round was 7.4 times the median.
Did Wonder raise again after this round?
Yes: a Series C round in Mar 2024 of $700M.