Wonder Raises $350 Million in Series B Financing; Plans on Launching More Restaurants and Fuelling Expansion

If we sit down and assess all the human traits on a granular level, the one that’s likely to stick out more than others is our trait of pursuing constant growth. This is because when someone is progressing under every conceivable situation, they kind of steer themselves towards some significant milestones along the way. The same is backed up well by the milestones we have achieved so far, and yet none of them prove it quite like technology. Technology appears as the ultimate anomaly here due to reasons that go beyond its skill-set. For instance, they also revolve at length around the creation’s ridiculous reach, which by the way, wasted no time in stretching across our entire spectrum. In fact, even after turning us into what was a top-to-bottom tech-driven society, the creation continued to deliver all the right goods, and one recent funding can really do a lot in keep that trend alive.

Wonder, a New York-based mobile restaurant delivery service, has successfully secured over $350 million in Series B financing. Led by Bain Capital Ventures, the round saw further participation coming from the likes of Accel, Alpine Group, Amex Ventures, Forerunner, General Catalyst, GV, NEA, YieldStreet, and many others. According to certain reports, Wonder will use the latest cash windfall to fuel its expansion across tri-state area in New Jersey. Apart from it, the company is also planning to invest a chunk in launching 11 more restaurants over the near future, thus bringing the total number to a sizeable 30. Founded six months ago, Wonder’s model is basically centered on collaborating with popular chefs and developing exclusive menus for its mobile restaurants. The company has already linked up with many famous chefs, including Bobby Flay, Nancy Silverton, and Michael Symon, to name a few.

At the moment, Wonder is available in 22 towns across New Jersey, covering well over 130,000 households. Interestingly enough, going by the information offered on the company’s official website, the food is prepared “just steps away from your door, then served as soon as it’s ready,” thus ensuring it’s fresh. This particular element has been a shortcoming for many food delivery companies. However, even if you want something from your favorite restaurant, Wonder can come in handy, as the company also has its own courier service, Envoy, which is pretty much designed to bring you food from local restaurants.

“Our innovative techniques, technology, world-class culinary partnerships, and talent opens up so much potential for exciting, new possibilities,” said Marc Lore, founder of Wonder. “Wonder has a real opportunity to not only completely change how people eat, but also to create a better future with access to the world’s best food in a convenient, affordable and sustainable way.”

Talk about the long-term plans, Wonder hopes to establish a presence in states outside of US. The company also intends to enlist other prepared-food businesses for its network. The latter is specifically inspired by a goal of making ready-to-heat meals and meal-preparation kits a part of the company’s delivery operation.

 

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