Food delivery startup Wonder has raised $600 million in fresh funding to fuel its rapid expansion across the U.S., bringing its valuation to over $7 billion. The round included support from existing investors like New Enterprise Associates, Accel, Google Ventures, and Forerunner, as well as new contributions from Amex Ventures and other strategic backers. Founded by former Walmart e-commerce chief Marc Lore, Wonder aims to grow its network of food halls from 46 to over 90 locations by the end of 2025, opening new sites at a pace of one per week. Initial targets for expansion include Philadelphia and Washington, D.C.
This latest funding round follows Wonder’s earlier $700 million investment in March 2024, which focused on physical retail growth and improving unit economics. The company has also made a series of strategic acquisitions, most notably its $650 million purchase of Grubhub in early 2025, adding delivery scale and integration across restaurants, groceries, and meal kits. Combined with its acquisition of Blue Apron, Wonder is positioning itself as a one-stop food platform. “Wonder’s continued growth would not be possible without our world-class team and trusted partners and investors who fuel our vision of revolutionizing the way people eat,” Lore said on LinkedIn.
