Funding round
Wonder Series C
Wonder, which works in multi-cuisine food marketplace services in New York, raised $700M in a Series C round announced on 19 Mar 2024. 16 firms took part, 8 of them already investors. It is Wonder's third venture round on record; the one before was a Series B in Jun 2022.
$700M
Amount raised
Not disclosed
Post-money valuation
16
Investors
no lead named
Valuation
What this round says about the price
Wonder did not disclose a valuation in this round; its last disclosed one was $3.50B at the Series B (Jun 2022). It came 21 months after Wonder's Series B. It is 27% of the $2.56B Wonder has raised in the venture rounds on record. Wonder raised again 8 months later: a Growth round of $250M in Nov 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
16 firms took part; no lead investor was named.
Investors
- New Enterprise Associates backs 286 venture-backed companies existing investor
- GV backs 428 venture-backed companies existing investor
- Accel backs 581 venture-backed companies existing investor
- Bain Capital Ventures backs 220 venture-backed companies existing investor
- backs 99 venture-backed companies existing investor
- backs 5 venture-backed companies existing investor
- backs 30 venture-backed companies existing investor
- Watar Partners existing investor
- Dragoneer Investment Group backs 82 venture-backed companies new investor
- backs 17 venture-backed companies new investor
- backs 7 venture-backed companies new investor
- backs 5 venture-backed companies new investor
- Kuvare Insurance new investor
- Fubon Ventures new investor
- Amex Ventures new investor
- Nestlé new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, scaling operations and working capital.
- Product development
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time, other companies' Series C rounds in Food delivery:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Food delivery | 5 Dec 2023 | $40M | not disclosed | GrubMarket and Celtic House Asia Partners |
| Food delivery | 27 Jun 2023 | $25M | not disclosed | Dohmen Company Foundation |
| Food delivery | 1 Jan 2025 | $9.4M | $332M | Ajay Kumar Aggarwal |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Wonder raise in its Series C round?
Wonder raised $700M in its Series C round, announced in Mar 2024.
Which investors took part in Wonder's Series C round?
New Enterprise Associates, GV, Accel, Bain Capital Ventures, Forerunner and Alpine Investors and 10 more.
What was Wonder's valuation at the Series C round?
It was not disclosed; its last disclosed one was $3.50B at the Series B (Jun 2022).
Did Wonder raise again after this round?
Yes: a Growth round in Nov 2024 of $250M.