Wonder Aims for $600M Funding Round Ahead of Potential IPO
Wonder, a fast-growing food delivery company, seeks $600 million in funding, with $355 million already secured. This pre-IPO round may be its last before going public, with an IPO target in early 2028. The company has raised nearly $2.8 billion since 2021, valuing it over $7 billion.
Key points
- Wonder, a food delivery company founded in 2018 by Marc Lore, seeks $600 million in a funding round, with $355 million already secured.
- The funding round could be the company's last before an initial public offering, with a potential IPO target in early 2028.
- Wonder has raised nearly $2.8 billion in funding since 2021, valuing the company over $7 billion.
- The company plans to use the funding to prepare for the public markets and has hired a CFO with IPO experience.
- Wonder's founder and CEO, Marc Lore, has a history of entrepreneurial success, having founded Diapers.com and Jet.com.
Wonder, a fast-growing food delivery company, is seeking $600 million in funding in a reported pre-IPO round. The company has already secured $355 million of the equity fundraise, leaving about $245 million still to be placed. This funding round may be the company's last before going public, with a potential IPO target in early 2028.
Wonder has made no secret of its IPO ambitions, with founder and CEO Marc Lore floating March 2028 as an IPO target. The company has also hired a CFO with IPO experience, indicating its preparation for the public markets.
With nearly $2.8 billion in funding since 2021, Wonder's valuation has exceeded $7 billion. The company has evolved from a food truck delivery service into a "mealtime platform" built around brick-and-mortar locations.
Wonder's founder, Marc Lore, has a history of entrepreneurial success, having founded Diapers.com and Jet.com. His latest venture, Wonder, aims to revolutionize the food delivery industry with its innovative platform.
Sources
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