KKR invests in Wolt

Avance advises KKR in its investment in Wolt Enterprises Oy, a Helsinki-based technology company known for their food delivery platform. Wolt raises in total EUR 440 million in a financing round led by ICONIQ Growth to expand Wolt’s speedily-growing retail delivery service faster and further. Wolt’s other new investors include Tiger Global, DST, Prosus, EQT Growth and Coatue. Existing investors 83North, Highland Europe, Goldman Sachs Growth Equity, EQT Ventures and Vintage Investment Partners also participated in the round.