Wonder closes funding round at $9 billion valuation; reportedly to go public
Fast-growing, high-tech restaurant company Wonder continues its momentum, raising money from both new and existing investors.
Wonder said it has closed a $650 million Series D funding round at a pre-money valuation of $9 billion. The funding, which will support the company's s continued physical expansion, marketplace growth and investments in technology, robotics and artificial intelligence, comes as Wonder is reportedly "ready and prepared" to go public early next year, reported Fortune.
Founded by former Walmart executive Marc Lore, Wonder offers food from dozens of licensed restaurant brands prepared in its kitchens for delivery and pickup, with customers able to order items from multiple restaurant concepts in one transaction. Customers can also dine-in at its brick-and-mortar locations. The company has tripled its footprint from 46 to 140 locations since its last funding announcement in May 2025.
[READ MORE: Wonder plans more than 100 Texas locations by end of 2027]
Wonder, which acquired Blue Apron in 2023, also sells meal kits. And it has its own delivery arm via Grubhub, which it acquired in January 2025. It recently entered into a partnership with Zipline — the world's largest autonomous delivery service — to bring on-demand drone delivery to Texas locations starting next year.
Earlier this year, Wonder made its first-ever physical restaurant acquisition, purchasing New York City-based fast-casual restaurant Blue Ribbon Fried Chicken from Blue Ribbon Restaurants for an undisclosed sum. As part of the agreement, Wonder is acquiring the Blue Ribbon Fried Chicken brand, along with its brick-and-mortar restaurant in Manhattan.
“Wonder was founded with the mission to make great food more accessible," said CEO Marc Lore. "By building the technology, robotics and infrastructure behind a new kind of food platform, we're making high-quality food more affordable, more convenient and available to more people than ever before. This funding allows us to accelerate that mission."
Wonder’s latest funding round has strong participation from existing investors, including Accel, GV (Google Ventures) and New Enterprise Associates (NEA). New investors include certain funds managed by AllianceBernstein, ARK Invest and funds managed by Kayne Anderson Rudnick Investment Management.
