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Fortune

Lily Mae Lazarus

Exclusive: Marc Lore says Wonder is gearing up for an IPO after raising $650 million at a $9 billion valuation

Marc Lore Wonder IPO Blue Apron Grubhub Fortune The Information

Marc Lore smiles (Credit: DIEGO DONAMARIA—Getty Images for SXSW)

Marc Lore is ready to ring the bell. The serial entrepreneur—who previously sold Jet.com to Walmart for $3.3 billion—told Fortune exclusively that his food delivery and service company Wonder will be “ready and prepared to go public early next year.” And the company has news to back it up.

Wonder, Lore’s food‑tech platform, raised a more than $650 million Series D at a $9 billion valuation, the company told Fortune exclusively. Returning investors Accel, GV, and NEA participated. New entrants include AllianceBernstein, Cathie Wood’s ARK Invest, and Kayne Anderson. Goldman Sachs, Jefferies, and J.P. Morgan served as placement agents. The round brings Wonder’s total raised to approximately $3 billion since its founding in 2018.

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