Wonder, a US food start-up founded by former Walmart e-commerce head Marc Lore, has secured $600m in funding to support its expansion.
The funding pushes the company’s valuation to more than $7bn.
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The funding round saw participation from existing shareholders led by New Enterprise Associates, Accel, Google Ventures and Forerunner, along with additional contributions from strategic investors such as Amex Ventures.
The company plans to utilise the funds to accelerate the expansion of its food hall locations, aiming to grow from 46 locations to more than 90 by the end of 2025, opening one per week.
The expansion will primarily target the northeast, with additional plans for Philadelphia and Washington, D.C.
Lore said on LinkedIn: “Wonder’s continued growth would not be possible without our world-class team and trusted partners and investors who fuel our vision of revolutionising the way people eat.”
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By GlobalDataIn March 2024, Wonder secured a $700 investment to accelerate physical retail locations, carry out research and development, and bring down unit economics.
Wonder has also significantly expanded its physical presence and made a series of acquisitions. In early 2025, Wonder acquired Grubhub for $650m to support its mission of making food more accessible by bringing together restaurants, groceries,and meal kits into a single app.
The Grubhub purchase followed the acquisition of Blue Apron, adding a direct-to-consumer meal kit offering that complements the restaurant-style options of Wonder.
