Marc Lore's Wonder raises $650M at $9B valuation, eyes IPO

Wonder, a food delivery and service company founded by Marc Lore, has secured $650 million in Series D funding at a $9 billion valuation. The company plans to use this capital for expansion, including entering the Texas market, and for investments in robotics and AI. Despite projections of significant cash burn and adjusted EBITDA losses in the coming years, Lore expressed confidence in the company's long-term economic model and growth. AI

IMPACT Investments in AI and robotics may lead to new efficiencies in food preparation and delivery.

RANK_REASON Significant funding round for a notable company with plans for an IPO. [lever_c_demoted from significant: ic=1 ai=0.7]

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• Accel
• AllianceBernstein
• ARK Invest
• Blue Apron
• Cathie Wood
• Fortune
• Goldman Sachs
• Grubhub
• Google Ventures
• Jefferies
• Kayne Anderson
• Marc Lore
• NEA
• Wonder

• funding
• product

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