![]() Compared to the $670 million in new capital that we’ve raised during this year, this puts us into a strong position for investing in our people, technology, and markets when thinking about the next few years ahead”.įormer Atomico and SoftBank VC Carolina Brochado has joined EQT to help build its new growth fund “Despite the turbulence of 2020, we’ve remained focused on growth, tripling our revenue to a preliminary $330 million against a net loss of just $38 million. “We operate in an extremely competitive and well-funded industry, and this round allows us to have a long-term mindset when it comes to doubling down on our different markets,” says co-founder and CEO Miki Kuusi in a statement. Wolt declined to disclose the company’s latest valuation, although we know from the previous D round that the company is one of Europe’s so-called unicorns. The new round takes the total amount of financing Wolt has raised to $856 million. Previous backers 83North, Highland Europe, Goldman Sachs Growth Equity, EQT Ventures and Vintage Investment Partners also followed on. The round was led by Iconiq Growth, with participation from Tiger Global, DST, KKR, Prosus, EQT Growth and Coatue. Now we are thrilled by the opportunity to welcome Seth to ICONIQ Growth where together we will further expand our global presence by deepening our relationships in the technology ecosystems of Europe and Israel.Wolt, the Helsinki-based online ordering and delivery company that initially focused on restaurants but has since expanded to other verticals, has raised $530 million in new funding. We look forward to our continued partnership with them for years to come. We have been fortunate to collaborate with our friends at Accel globally on several of these investments and more. Over the years, ICONIQ Growth has become a significant partner in companies with European and Israeli roots including Adyen, Axonius, Collibra, Datadog, Dataiku, Heptagon, Intercom, Miro, Motorway, Primer, Orca, Twistlock, and Wolt. I am excited to be embarking on this new chapter with ICONIQ Growth and to support exceptional companies through all stages of growth.” ![]() “Their sheer tenacity and independent spirit is inspiring. “I’ve always been impressed by the ingenuity and relentless dedication of European founders,” Seth told us. Together, we are dedicated to building a team and platform that harnesses ICONIQ’s global community and expertise to help founders in the region accelerate business and forge new pathways to success. Seth will be leading the ICONIQ Growth team based in London where he will focus on expanding our partnerships with category-leading companies whose roots and operations are in Europe. We believe Seth has an uncanny ability to spot and pursue emerging trends and innovations - particularly in the enterprise software, cybersecurity, and fintech sectors - and identify some of the brightest leaders whose companies are at the forefront of these transformations. We’ve followed Seth’s remarkable career and admired his stellar reputation among founders and peers as a deeply trusted and valued partner and inspiring leader. Here, Seth led investments in companies like Tines, Komodor, and Anyfin, and was pivotal in the investments and work with Snyk, Kry, and many more. Seth has extraordinary experience as an early and growth stage technology investor in Europe for more than a decade, most recently serving as a partner at Accel’s London office, with a team that has long championed Europe and Israel’s entrepreneurs. ![]() Today, we are honored to announce that Seth Pierrepont will join the ICONIQ Growth team in the coming months as a general partner to lead our investment efforts in Europe.
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |