Finnish-based food delivery service Wolt has raised about 440 million euros in development funding from private equity investors during a financing round, according to preliminary media reports.
Mark Kleinman, a business journalist with British broadcaster Sky News, was one of the first to break the news on Twitter.
"Exclusive: Wolt, a Finnish food delivery start-up, will underline the frenzy of global investor interest in the sector this week when it announces a $500m+ fundraising backed by funds including KKR, Tiger Global and DST," Kleinman wrote.
According to Helsingin Sanomat, this is by far the largest single amount received by a Finnish company during a financing round.
The food delivery company currently operates in more than 120 cities across 23 different countries and was ranked as one of the fastest growing firms in Europe by The Financial Times last year.