Fenwick Represents Wonder in $700M Financing

Fenwick represented Wonder, a food delivery startup, in their $700 million financing that included existing investors NEA, GV, Accel, Bain Capital Ventures, Forerunner, Alpine, Harmony, and Watar Partners. Founder Marc Lore personally invested $100M and welcomed new investors, Dragoneer, Jefferies, Red & Blue Ventures, CAZ Investments, Kuvare Insurance, and Fubon Ventures. Amex Ventures and Nestlé also participated as strategic investors.

Wonder will use the funds to open nearly 100 restaurant locations around the New York City area over the next two years. More information can be obtained from the announcement.

The transaction was led by corporate partners Patrick Grilli and Ari Haber, and included associates Tracy Kennberg, Grace Fernandez, and Sammi Chen.