Wonder, the food hall and delivery startup founded by entrepreneur Marc Lore, has raised another $600 million to help speed up its aggressive expansion plans.
The investment, led by venture capital firm NEA, follows a $700 million fundraise last March and brings Wonder’s total funding to more than $2 billion. The company is now valued at more than $7 billion, according to Bloomberg, which cited an anonymous source.
The latest round included contributions from existing shareholders Accel, Google Ventures, Forerunner Ventures and Amex Ventures.
Wonder plans to use the fresh capital to accelerate openings of its brick-and-mortar stores, particularly in Philadelphia and Washington, D.C. It currently has 46 locations and plans to have more than 90 by the end of the year, all in the Northeast. It’s opening one store per week.
Its locations offer food from Wonder’s 30 proprietary restaurant brands for pickup, delivery and dine-in.
Wonder, which also owns Grubhub, Blue Apron and the food media company Tastemade, is aiming to become a “super app for mealtime,” with physical restaurants, food delivery and meal kits, all accessible via Wonder’s app.
Altogether, the company has more than $2 billion in revenue, according to Bloomberg.
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