- WOLT HELSINKIBASED ICONIQ GROWTHHEARTECHCRUNCH HOW TO
- WOLT HELSINKIBASED ICONIQ GROWTHHEARTECHCRUNCH REGISTRATION
WOLT HELSINKIBASED ICONIQ GROWTHHEARTECHCRUNCH HOW TO
The good side about being founded in a country with a small population is that from the very start, we also needed to think about how to expand internationally quickly and efficiently. And that’s what we spent the majority of the following two years building and getting right. However, this was also very difficult to do both profitably and well without a lot more product and technology. We quickly realized we were onto something and had found the first version of the so-called “product-market-fit”. Turns out there was a huge untapped need for people to get their favorite restaurants to their doorstep – the ones that didn’t do this themselves – now delivered quickly, reliably and inexpensively through our lovingly crafted app. We believed that the revolution for local commerce going online would start with the restaurant, yet while there was some interest for people to order their meal and pick it up without standing in line, the truly magical moment was when we first started experimenting with delivery.
With a name and official entity, we launched the first version of Wolt in 2015 with pickup from restaurants. Our official name and a very unofficial logo at the door of our first office in Helsinki And so, we added one more word to our name: Wolt Enterprises.
WOLT HELSINKIBASED ICONIQ GROWTHHEARTECHCRUNCH REGISTRATION
However, Wolt alone was too short for the Finnish Patent and Registration Office, which I found out the day I had the honor of delivering the founding paperwork. Wolt was the first name that clicked with us, so we ended up calling ourselves Wolt. “Wolt” was actually inspired by a list of 10,000 imaginary band names (see “Volt United”).
Some of the names we tried included Sergei, Blueberry Pie, Skyliner and Zaplane. The downside of having six co-founders was that it was nearly impossible to find a name that one of us didn’t hate, and for a long time our company was anonymous. Our founding team at Slush in 2014, from the left Mika Matikainen, Lauri Andler, Oskari Petás, Juhani Mykkänen, Miki Kuusi and Elias Aalto We genuinely enjoy building products for our customers, partners and people. To this date, we continue to be very product-focused. Out of our co-founder bunch, five people had a product or tech background, which ended up being a foundational element in our company’s DNA. We founded Wolt with a group of six co-founders in 2014 in Helsinki, Finland. Wolt’s recipe is hard work, dedication and ambition. At the end of the post I’ll also discuss what to expect next, because this has truly only been the start. Because of that, I’m very happy to finally close this transaction and get back to work.īefore getting into what happens next, I’d like to take a moment to reflect how Wolt got to where we are today and share some learnings from the past eight years of building this company together with our 6000+ people in 23 countries. We are very similar in our company cultures and the way we like to get things done, and we share very similar values. The feeling we all got from our very first meeting with the DoorDash team was that joining forces is the right thing to do – and this feeling has grown stronger as we have gotten to know each other better.
I’m very excited to partner with Tony because we share the same vision about what kind of company we want to build. I know everyone states they’re excited when they announce news about their company, but that is my genuine feeling. Today, we finally get to say: the transaction has closed and we are officially one big team. Back in November last year we announced that DoorDash and Wolt are joining forces.
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