Fundraising Fox

Wonder Group

New York, US · Delaware corporation · 13 known investors

Cloud kitchen platform and in-person cafeterias delivering curated meals.

Also known as Wonder · Wonder Group, Inc.

Founders & leadership

MLMarc Lore
Marc LoreinFounderInvestor at Vision/Capital/People (VCP)
AH
Antony HoggettExecutive
JN
Jay NaikExecutive
AG
Andrew GasperExecutive
GR
Gabrielle RabinovitchExecutive

Board

DMDave Munichiello
Dave Munichielloin𝕏Board directorInvestor at GV (Google Ventures)
TFTony Florence
Tony Florencein𝕏Board directorCo-CEO at New Enterprise Associates (NEA)
SG
Sameer GandhiBoard director
JC
Jacqui CanneyBoard director
VD
Viet DinhBoard director
CE
Carolyn EversonBoard director
JH
John HartungBoard director

Investors · 13

Also in the syndicate · 2

ARK InvestKayne Anderson Rudnick Investment Management

Reported raises · per SEC filings

Form D private placements

$2.7B disclosed across 13 of 17 rounds · 2021–2026

$354.4MraisedJul 2026 · 41 investors · Restaurants
Rule 506(b)
Officers, directors & promoters on the filing
  • Marc LoreExecutive Officer, Director, Promoter
  • Jay NaikExecutive Officer
  • Andrew GasperExecutive Officer
  • Tony FlorenceDirector
  • Sameer GandhiDirector
  • Dave MunichielloDirector
  • Jacqui CanneyDirector
  • Viet DinhDirector
  • Carolyn EversonDirector
  • John HartungDirector
  • Antony HoggettExecutive Officer
  • Gabrielle RabinovitchExecutive Officer
Offering amount
$600M
Amount sold
$354.4M
Finders' fees
$3.5M
Placement agents
J.P. Morgan Securities LLC, Goldman Sachs & Co. LLC, Jefferies LLC
First sale
Jun 2026
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$1.7MraisedMay 2026 · 1 investors · Restaurants
Rule 506(b)
Officers, directors & promoters on the filing
  • Jay NaikExecutive Officer
  • Carolyn EversonDirector
  • Andrew GasperExecutive Officer
  • Tony FlorenceDirector
  • Viet DinhDirector
  • Dave MunichielloDirector
  • Antony HoggettExecutive Officer
  • Marc LoreExecutive Officer, Director, Promoter
  • Jacqui CanneyDirector
  • Sameer GandhiDirector
Offering amount
$1.7M
Amount sold
$1.7M
First sale
Apr 2026
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$999.9KraisedFeb 2026 · 27 investors · Restaurants
Rule 506(b)
Officers, directors & promoters on the filing
  • Tony FlorenceDirector
  • Viet DinhDirector
  • Jacqui CanneyDirector
  • Carolyn EversonDirector
  • Dave MunichielloDirector
  • Andrew GasperExecutive Officer
  • Jay NaikExecutive Officer
  • Antony HoggettExecutive Officer
  • Sameer GandhiDirector
  • Marc LoreExecutive Officer, Director, Promoter
Offering amount
$999.9K
Amount sold
$999.9K
First sale
Feb 2026
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$13.9MraisedJan 2026 · 37 investors · Restaurants
Rule 506(b)
Officers, directors & promoters on the filing
  • Jay NaikExecutive Officer
  • Tony FlorenceDirector
  • Carolyn EversonDirector
  • Andrew GasperExecutive Officer
  • Marc LoreExecutive Officer, Director, Promoter
  • Viet DinhDirector
  • Antony HoggettExecutive Officer
  • Jacqui CanneyDirector
  • Sameer GandhiDirector
  • Dave MunichielloDirector
Offering amount
$14M
Amount sold
$13.9M
First sale
Jan 2026
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$86.4MraisedJan 2026 · 1 investors · Restaurants
Rule 506(b)
Officers, directors & promoters on the filing
  • Dave MunichielloDirector
  • Jacqui CanneyDirector
  • Tony FlorenceDirector
  • Viet DinhDirector
  • Antony HoggettExecutive Officer
  • Marc LoreExecutive Officer, Director, Promoter
  • Jay NaikExecutive Officer
  • Sameer GandhiDirector
  • Andrew GasperExecutive Officer
Offering amount
$86.4M
Amount sold
$86.4M
First sale
Dec 2025
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$180MraisedJan 2026 · 6 investors · Restaurants
Rule 506(b)
Officers, directors & promoters on the filing
  • Sameer GandhiDirector
  • Dave MunichielloDirector
  • Viet DinhDirector
  • Tony FlorenceDirector
  • Marc LoreExecutive Officer, Director, Promoter
  • Jacqui CanneyDirector
  • Andrew GasperExecutive Officer
  • Antony HoggettExecutive Officer
  • Jay NaikExecutive Officer
Offering amount
$350M
Amount sold
$180M
First sale
Nov 2025
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$8.4MraisedJan 2026 · 1 investors · Restaurants
Rule 506(b)
Officers, directors & promoters on the filing
  • Jay NaikExecutive Officer
  • Dave MunichielloDirector
  • Jacqui CanneyDirector
  • Sameer GandhiDirector
  • Viet DinhDirector
  • Andrew GasperExecutive Officer
  • Tony FlorenceDirector
  • Antony HoggettExecutive Officer
  • Marc LoreExecutive Officer, Director, Promoter
Offering amount
$8.4M
Amount sold
$8.4M
First sale
Nov 2025
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$18MraisedJan 2026 · 137 investors · Restaurants
Rule 506(b)
Officers, directors & promoters on the filing
  • Dave MunichielloDirector
  • Sameer GandhiDirector
  • Viet DinhDirector
  • Marc LoreExecutive Officer, Director, Promoter
  • Jay NaikExecutive Officer
  • Andrew GasperExecutive Officer
  • Antony HoggettExecutive Officer
  • Tony FlorenceDirector
  • Jacqui CanneyDirector
Offering amount
$50M
Amount sold
$18M
First sale
Dec 2024
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Company profile

researched Aug 2026

Wonder Group, Inc., also known as Wonder, is a New York-based food company founded in 2018 that describes itself as "a new kind of food hall" and states a goal of building a "super app for mealtime." Each Wonder location operates a single kitchen that produces the menus of multiple restaurant concepts, letting customers order from several restaurants in one transaction, with dine-in, pickup and delivery options. Offerings include licensed versions of existing restaurants and Wonder-exclusive concepts developed with chefs such as Bobby Flay, Jose Andres, Marc Murphy, Nancy Silverton, Michael Symon (Yasas) and Jonathan Waxman (Walnut Lane). The company positions this as a "fast fine" dining category.

Wonder's earlier model, in operation from its 2021 launch, used vans equipped with rapid-cook ovens that finished partially prepared food outside customers' homes in New Jersey, alongside a courier service called Envoy. That program was discontinued in January 2023 as Wonder pivoted to fixed food-hall locations. Through subsequent acquisitions the company added meal kits and heat-and-eat products (Blue Apron), a third-party restaurant ordering and delivery marketplace (Grubhub) and streaming/video food media (Tastemade), which it says supports a retail media and content marketing business.

According to Preqin, Wonder generates revenue through a vertically integrated food ecosystem combining owned restaurant concepts and food halls, monetizing both food transactions and the supporting media, logistics, software and marketplace infrastructure.

Founding story

Wonder was founded in 2018 by e-commerce entrepreneur Marc Lore, who previously co-founded Quidsi (Diapers.com, Soap.com, Wag.com), sold to Amazon in 2011, and Jet.com, acquired by Walmart in 2016 for $3.3 billion, after which he served as president and CEO of Walmart U.S. eCommerce until 2021. Lore is founder, chairman and CEO of Wonder Group.

Business model

Wonder operates vertically integrated, delivery-first restaurant locations in which a single kitchen produces the menus of multiple distinct restaurant brands, some licensed from existing restaurants such as Di Fara and others created exclusively with partner chefs. The company controls the app, the cooking and the delivery, and says it owns the rights to the brands it sells. Chef and restaurant partners are paid a fee plus company stock, which allows Wonder to use their brands and recipes without paying royalties. Following acquisitions, the model extends to third-party marketplace ordering (Grubhub), meal kits and heat-and-eat products (Blue Apron), and media/retail media (Tastemade).

Revenue comes from food sales across owned restaurant concepts, food halls, delivery and meal kits, plus monetization of the surrounding media, logistics, software and marketplace infrastructure, including retail media enabled by the Tastemade acquisition and marketplace commissions via Grubhub.

Traction

Wonder grew from 11 locations in March 2024 to 38 open locations with 15 more planned as of March 2025, offering as many as 500 items across 28 menus per location as of March 2024. It has completed three acquisitions since 2023 (Blue Apron, Grubhub, Tastemade) and reports investors including Accel, New Enterprise Associates, Bain Capital, Bain Capital Ventures, Amex Ventures, Nestle, GV, AllianceBernstein, ARK Invest and Kayne Anderson Rudnick.

Latest developments

In March 2025 Wonder announced the acquisition of media company Tastemade, following the November 2024 Grubhub acquisition and an accompanying $250 million investment; integration of Grubhub resulted in layoffs of 23 percent of Grubhub's corporate workforce in February 2025. Preqin reports a $650 million Series D in July 2026 led by Accel, GV and New Enterprise Associates with participation from AllianceBernstein, ARK Invest and Kayne Anderson Rudnick Investment Management, to be used for footprint expansion, marketplace growth and investment in robotics, AI and technology infrastructure.

Full profile — market position, technology, go-to-market, geography, history, risks & controversies

Market position

Wonder is described by Eater as emerging as a winner in a food-delivery and restaurant-chain sector marked by failing chains and struggling delivery startups, including Grubhub, which it acquired. Its rapid location growth plan targeted expansion from 11 locations in March 2024 to 35 by the end of 2024 and 90 by the end of 2025. Preqin classifies the company in the Food industry with sub-industries spanning courier and delivery services, restaurants and internet, and lists it at Series D stage.

Wonder emphasizes vertical integration: it owns the app, the kitchens, the delivery operation and the rights to the restaurant brands it sells, in contrast to marketplace-only delivery platforms. Unlike many ghost-kitchen operations that obscure the source of the food, Wonder markets its single shared-kitchen location as a selling point, and commentators have noted its curatorial approach and proximity to higher-end chef brands. The company has spent about $60 million acquiring intellectual property in the form of recipes and restaurant concepts from partner chefs, and works with those chefs to adapt dishes for large-scale delivery.

Technology

Wonder uses a consumer mobile app for ordering and a shared-kitchen production system that allows one kitchen to prepare many distinct restaurant menus, with dishes engineered by partner chefs for large-scale delivery. The earlier van model used rapid-cook ovens installed in Mercedes Sprinter vans to finish partially cooked food on site. Preqin reports the company intends to invest in robotics, artificial intelligence and technology infrastructure.

Go-to-market

Wonder sells directly to consumers through its own mobile app and website for delivery, pickup and dine-in at company-operated locations, using its own courier fleet. It has expanded distribution through the Grubhub marketplace following that acquisition, and uses Tastemade's digital audience and content channels for marketing and retail media. Brand partnerships with well-known chefs serve as a customer acquisition and differentiation mechanism.

Consumers in the northeastern United States seeking restaurant-quality prepared meals for delivery, pickup or dine-in, plus meal-kit and heat-and-eat subscribers inherited from Blue Apron.

Geography

Operations are concentrated in the northeastern United States. As of March 2025 Wonder had 38 open locations with 15 more planned, most in New York City, with expansion into Connecticut, New Jersey, Pennsylvania and Rhode Island. Earlier van-based service covered 22 towns in New Jersey. Headquarters are in New York, NY.

History

Wonder was founded in 2018 and is based in New York. It launched publicly in 2021 as a mobile kitchen and restaurant delivery service using Mercedes Sprinter vans that finished partially cooked food outside customers' homes across towns in New Jersey; the company owned 19 such vans as of 2023 and also ran a courier service, Envoy, delivering from local restaurants. Marc Lore initially acted in an advisory capacity while at Walmart, with his brother Chad Lore running the company, before Marc Lore became executive chairman in December 2021 and CEO in October 2022. Wonder began opening physical locations in 2023 and shut down the van program in January 2023 after neighborhood complaints about noise and blocked driveways. It then acquired Blue Apron (announced September 2023, closed November 2023), Grubhub (November 2024) and Tastemade (March 2025).

Risks & controversies

Wonder's original van-based delivery model generated neighborhood opposition, with residents complaining that the vans were noisy and blocked driveways, and the program was shut down in January 2023. The Grubhub integration resulted in layoffs of 23 percent of Grubhub's corporate workforce in February 2025. The company operates in a sector characterized by failing chains and struggling food-delivery startups, and its growth depends on rapid capital-intensive location expansion.

Compiled by commissioned research from 7 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Distinct menus per locationMar 202428 menus
LocationsMar 202411 locations
Locations planned to open over following monthsMar 202515 locations
Menu items available at a given locationMar 2024500 items
Mobile food vans ownedJan 202319 vans
New Jersey towns served by mobile restaurantsJan 202322 towns
Open locationsMar 202538 locations
Spend on intellectual property (recipes and restaurant concepts) from partner chApr 2025$60M
Tastemade paying subscribers (acquired asset)Dec 2024100,000 subscribers

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Competitors · 8

by search overlap
Grubhub18564 shared keywordsChicago-based online food ordering and delivery platform, formerly NYSE-listed, now owned by Marc Lore's Wonder Group.
Uber Eats18372 shared keywordsEasiest way for consumers and businesses to order food from favorite local eateries
DoorDash16578 shared keywordsDoorDash operates a restaurant delivery platform that connects customers with dining establishments across hundreds of cities in North America through a logistics network.
Postmates10430 shared keywords<UNKNOWN>
Toast8712 shared keywordsToast provides a restaurant management platform combining point-of-sale hardware (Flex POS, Toast Go 3 handheld) with software tools for online ordering, payroll, and other operations. It serves restaurants and restaurateurs across the food service industry.
Eater7901 shared keywordsEater is a food and dining media publication producing restaurant guides, maps, videos, and articles covering where to eat across cities in the US and beyond. It covers dining out, groceries and retail, and local food scenes for readers and diners.
Atly6065 shared keywordsAtly is a location discovery app that helps people find restaurants, bars, and places to visit through personalized recommendations and user-generated tips. The consumer platform has been described as combining social community content with map-based navigation.
the infatuation3811 shared keywordsThe Infatuation is a restaurant and hospitality content platform that publishes guides, reviews, and recommendations for dining and nightlife destinations across major US and international cities.

Companies competing with Wonder Group for the same Google search keywords, organic and paid, via search-intersection analysis.

Timeline · 11

launches, deals, and filings
Jul 2026
Series D of $650 million

Wonder Group raised $650 million in Series D funding led by Accel, GV and New Enterprise Associates, with participation from AllianceBernstein, ARK Invest and Kayne Anderson Rudnick Investment Management; proceeds earmarked for footprint expansion, marketplace growth and investment in robotics, AI and technology infrastructure.

$650M source ↗

Mar 2025
Wonder acquires Tastemade

Wonder announced the acquisition of independent media company Tastemade, which operates four lifestyle streaming channels and produces video content, to power Wonder's retail media business and content marketing.

source ↗

Feb 2025
Layoffs of 23% of Grubhub corporate workforce

Integration of Grubhub into Wonder led to layoffs of 23 percent of Grubhub's corporate workforce.

source ↗

Nov 2024
Wonder acquires Grubhub

Wonder acquired the food ordering and delivery platform Grubhub, enabling Grubhub restaurant partners to appear in the Wonder app and making Wonder available through Grubhub. Alongside the deal Wonder announced $250 million in new investment.

source ↗

Nov 2024
$250 million in new investment announced with Grubhub deal

$250M source ↗

Mar 2024
$700 million capital announcement

Wonder announced $700 million in capital in March 2024.

$700M source ↗

Nov 2023
Blue Apron acquisition closes for about $103 million

Wonder Group closed its acquisition of Blue Apron for roughly $103 million. Blue Apron customers in Wonder delivery zones began receiving subscription boxes via Wonder couriers, and Blue Apron meal kits and heat-and-eat items became available on the Wonder app at Upper West Side, Chelsea, Downtown Brooklyn, Westfield and Hoboken locations.

$103M source ↗

Sep 2023
Wonder announces acquisition of Blue Apron

Wonder announced the acquisition of meal kit company Blue Apron to support development of a 'meal time super app' delivering chef-curated meals nationally.

source ↗

Jan 2023
Wonder shuts down mobile van program

Wonder ended its original model of Mercedes Sprinter vans that finished partially cooked food outside customers' homes; the vans had drawn neighborhood complaints about noise and blocked driveways.

source ↗

Jan 2022
Series B of $350 million

Roughly six months after its Series A, Wonder closed $350 million in Series B funding to convert its mobile restaurant fleet into a network of food halls offering dine-in, pickup and delivery from 20+ restaurants.

$350M source ↗

Jan 2021
Series A of $400 million at launch

Wonder launched in 2021 as a mobile kitchen and restaurant delivery service with $400 million in Series A funding, partnering with chefs including Bobby Flay, Nancy Silverton and Jose Andres.

$400M source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Legal entities · 1

corporate structure
Wonder GroupDelaware

In the news

Research sources · 7

primary sources listed

7 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Wonder Group do?
Wonder is a New York food company running multi-brand food halls, delivery, meal kits and the Grubhub marketplace.
Who founded Wonder Group?
Wonder Group was founded by Marc Lore.
Who are Wonder Group's investors?
Wonder Group's investors include A-Rod Corp, AAF Management Ltd., Accel, Bain Capital Ventures, Harmony Partners, New Enterprise Associates (NEA), Red & Blue Ventures, Top Corner Capital and 3 more.
How much funding has Wonder Group raised?
Wonder Group has disclosed $2.7B raised across 13 of its 17 known rounds.
Where is Wonder Group headquartered?
Wonder Group is headquartered in New York, US.