Culinary & Foodservice Thursday, September 10, 2026

Wonder raises $650M to expand multi-concept kitchen network

Wonder raised a $650M Series D at a $9B pre-money valuation, expanding its network from 46 to over 150 kitchens capable of running multiple restaurant concepts.

The numbers

$650 million Amount raised in Series D funding round
$9 billion Pre-money valuation at time of funding
46 locations Number of locations in May 2025
140 Number of locations at time of funding
150 Current number of physical locations

Sources

hospitalityandcateringnews.com

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