Alternative investment platform Yieldstreet partners with Wonder Group, the company redefining home dining and food delivery, to offer investors access to the startup’s Series B funding round

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NEW YORK, June 14, 2022–(BUSINESS WIRE)–Yieldstreet, a leading digital alternative investment platform, has partnered with Wonder Group, a company founded by serial entrepreneur Marc Lore that is redefining home dining and food delivery. food, to provide an opportunity to invest in the startup’s Series B funding round. Yieldstreet members can now invest directly in a fast-growing, venture-backed business, an opportunity previously reserved for institutions, family offices and ultra-high net worth individuals.

Yieldstreet’s offering will be available to accredited investors on its platform with a minimum investment of $20,000. Investors in Wonder’s Series B round include Accel, Bain Capital Ventures, Forerunner Ventures, General Catalyst, Google Ventures and New Enterprise Associates.

“Wonder creates an entirely new approach to the home dining experience, combining the convenience of delivery with top restaurant quality. Wonder gives people access to premium meals from some of the most acclaimed chefs and restaurants .in the country, cooked fresh and served hot in our mobile restaurants right outside customers’ homes.We’re thrilled to partner with an innovator like Yieldstreet to ensure our seed funding journey was open to everyday investors. – not just to large institutions,” said Marc Lore, Founder, Chairman and CEO of Wonder Group.

Lore, an influential entrepreneur, businessman, investor and NBA team owner, successfully launched and sold several e-commerce businesses throughout his career, including founding Jet.com which was sold to Walmart for $3.3 billion.

“Through this exclusive agreement with Wonder, Yieldstreet will continue to deliver on its promise to provide selections of alternative investment opportunities that were previously only available to institutions and the ultra-wealthy,” said Michael Weisz, Founder and chairman of Yieldstreet. “Private companies are typically undervalued relative to public market companies, creating the potential for outsized returns for Yieldstreet users. But with an innovative thinker with a track record of execution like Marc Lore at the helm, the potential for higher returns early on investing in Wonder could be even greater.”

Total US consumer spending on food and beverages was $1.6 trillion in 2021 and is projected to reach $2.4 billion by 2035. With partnerships established with top chefs and restaurants, including Michelin and James Beard star brands, Wonder is well positioned for rapid growth.

Wonder is the latest offering from Yieldstreet’s venture capital platform giving investors direct access to startups. Recent offerings include private stock from Fetch Rewards and Flutterwave, in partnership with venture capital firm Greycroft.

Venture capital-backed companies play an important role in the next stage of the innovation lifecycle. During this stage, companies typically experience rapid growth as their products and technology come to market and scale. As an added benefit for investors, private equity investments such as venture capital have a positive but weaker correlation with public equity markets.

For more information on Yieldstreet’s new offering and a full list of disclosures, click here.

About Yieldstreet
Yieldstreet is reinventing wealth creation by providing access to alternative investments previously reserved for institutional investors and the ultra-rich. Yieldstreet’s mission is to help millions of people generate $3 billion in income outside of traditional public markets by 2025. Its award-winning technology platform provides access to investment products across a range of classes of assets such as real estate, venture capital, legal finance and Crypto. Since its inception in 2015, Yieldstreet has funded over $2.2 billion in investments and is committed to making financial products more inclusive by creating a modern investment portfolio. The company, headquartered in New York with offices in Brazil, Greece and Malta, is backed by leading venture capital firms.

About Wonder Group
Wonder is a new kind of in-home dining experience that combines the convenience of delivery with the high quality of the best restaurants on site. With menus from some of the country’s most celebrated chefs and restaurants (including Bobby Flay, Nancy Silverton, Michael Symon, Jonathan Waxman, Daisuke Nakazawa and more), Wonder offers a daily alternative for busy families to get better food at home. . Meals are prepared in Wonder’s Mobile restaurants just steps from customers’ doors, served fresh and hot as soon as they are ready – allowing customers to experience food the way it was meant to be enjoyed.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220613005847/en/

contacts

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Sydney Berman
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