Wonder

Food Delivery · Restaurant Tech · Robotics/AI

Funding

Wonder raises $650M Series D at $9B pre-money valuation

The food-hall operator says it's gearing up to go public early next year after nearly tripling its footprint in about a year.

• Wonder closed a $650 million Series D round at a $9 billion pre-money valuation, with continued backing from Accel, GV and New Enterprise Associates plus new investors AllianceBernstein, ARK Invest and Kayne Anderson Rudnick.
• Wonder builds and licenses chef-developed restaurant concepts inside its own food halls, combining made-to-order meals, delivery and at-home meal kits, and owns Grubhub and Blue Apron.
• The capital will fund physical expansion, marketplace growth, and investment in kitchen robotics and AI, including Wonder's 'Infinite Kitchen' automated bowl-making system.
• Wonder's footprint has nearly tripled from 46 to 140 locations since its last funding round in May 2025, and the company has now raised over $3 billion since 2021.
• CEO Marc Lore told Fortune the company will be 'ready and prepared to go public early next year.'
• ARK Invest founder Cathie Wood said Wonder's platform 'is reshaping the economics of restaurant-quality food,' while NEA co-CEO Tony Florence cited confidence in Lore's ability to execute at scale.
• The round shows investors still betting big on capital-intensive, robotics-driven food delivery even as the sector consolidates, positioning Wonder for a high-profile 2027 IPO test.