Marc Lore’s startup Wonder secures $650 million Series D round at $9 billion pre-money valuation
Wonder, a Marc Lore fronted food technology platform, has announced a $650 million Series D round at a pre-money valuation of $9 billion.
The round has participation from existing investors, including Accel, GV (Google Ventures) and New Enterprise Associates (NEA). New backers include certain funds managed by AllianceBernstein, ARK Invest and funds managed by Kayne Anderson Rudnick Investment Management.
The funding will support Wonder's physical expansion, marketplace growth, and investments in technology, robotics and artificial intelligence. The company is set to go public in 2027 or 2028.
“Wonder was founded with the mission to make great food more accessible,” says 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.”
“It’s been exciting to watch the evolution of what Wonder is building - a fundamentally new way for people to access great food, at a level of quality and speed traditional players can’t match,” says Tony Florence, Co-CEO at NEA. “Our ongoing investment reflects our confidence in that model and in Marc’s ability to continue executing at scale.”
“Wonder is disrupting an industry that has been slow to change with the kind of scalable, innovative model that we look for across the ARK portfolio,” says Cathie Wood, Founder, CEO and CIO at ARK Invest. "We believe Wonder’s technology forward platform is redefining the economics and experience of restaurant quality food at scale and we're thrilled to support Marc and his team as they continue to execute on that vision."
2026 RTIH Innovation Awards
Food technology will be a key focus area at the 2026 RTIH Innovation Awards.
The awards are now open for entries and celebrate global retail technology innovation in a fast moving omnichannel world.
Our winners will be revealed at the 2026 RTIH Innovation Awards Ceremony, taking place at The HAC in Central London on Wednesday, 4th November.
Check out our 2025 winners here.
Our 2025 hall of fame entrants were revealed during a sold out event which took place at The HAC on 16th October and consisted of a drinks reception, three course meal, and awards ceremony presided over by award winning comedian, actress and writer Tiff Stevenson.
In his welcome speech, Scott Thompson, Founder and Editor, RTIH, said: “This is the awards’ fifth year as a physical event. We started off with just 30 people at the South Place Hotel not far from here, then moved to London Bridge Hotel, then The Barbican, and last year RIBA’s HQ in the West End.”
“But I’m conscious of the fact that, to quote the legend that is Taylor Swift, You’re only as hot as your last hit, baby. So, this year we’ve moved to our biggest venue yet, and also pulled in our largest number of entries to date and broken attendance records.”
He added: “This year’s submissions have without doubt been our best yet. To quote one of the judges: The examples of innovative developments across both traditional and digital retail spaces were truly remarkable.”
Congratulations to our winners, and a big thank you to our sponsors, judging panel, the legend that is Tiff Stevenson, and all those who attended our 2025 gathering.
