Capital markets·October 25, 2026 at 8:00 AM EDT·1 source
Marc Lore’s Wonder bets on Texas, automation and user-built restaurants as it mulls IPO
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News
Series D pre-money valuation$9 billion
Total funding raised$3.3 billion
What happened
- Wonder has raised $3.3 billion to date, with its Series D lifting its pre-money valuation to $9 billion.
- The company plans to enter Texas next year and targets at least 100 locations there by the end of 2027.
- Founder Marc Lore is considering an IPO to raise capital and create currency for acquisitions, but gave no timing.
Total funding raised
$3.3 billion
Series D pre-money valuation
$9 billion
Planned Texas locations by end-2027
at least 100
Target for fully autonomous food preparation and delivery
2040
Why it matters
Wonder’s expansion plans and potential IPO could create an upcoming equity-capital-markets opportunity, while its automation and acquisition strategy are relevant to technology and consumer-sector investors.
What to watch. Whether the IPO window reopens in the coming months and whether Wonder begins an IPO road show.
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Timeline
- EarlierOct 22Investors Aren’t Wild About Big Tech’s AI Forecasts
- EarlierYesterdayInstacart Is Exploring a Sale
- EarlierYesterdayInstacart Rallies on Report of Sale Talks With Uber, DoorDash
- Earlier7hEarnings playbook: Alphabet, Microsoft, Amazon and more report this week. Here's what to expect
- First reported by CNBC7hMarc Lore’s Wonder bets on Texas, automation and user-built restaurants as it mulls IPO
Who is involved
Marc Lore’s Wonder bets on Texas, automation and user-built r…WonderGrubhubDoorDashDASHGVAlphabetGOOGLBlue ApronRelayMarc Lore
CompanyInvestorPerson
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