Funding round
Bolt Series D
Bolt, which works in digital financial services in San Francisco, raised $393M in a Series D round announced on 13 Oct 2021, at a $6.00B post-money valuation. 1 firm took part. It is Bolt's third venture round on record; the one before was a Series C in Jul 2020.
$393M
Amount raised
$6.00B
Post-money valuation
$5.61B pre-money
1
Investors
no lead named
6.6%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Bolt at $6.00B after the new money. The $393M bought investors about 6.6% of the company. It came 15 months after Bolt's Series C. It is 44% of the $893M Bolt has raised in the venture rounds on record. Bolt raised again 3 months later: a Series E round of $355M in Jan 2022, at $11.00B post-money.
Bolt's funding rounds
Bolt has 5 venture rounds on record. This one is highlighted.
Investors
Who put money in
1 firm took part; no lead investor was named.
Investors
- backs 3 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, scaling operations and working capital.
- Product development
- Scaling operations
- Working capital
Comparable rounds
How it compares
25 Series D rounds in Payment Processing & Point of Sale within a year either side disclosed an amount; the median was $200M, and this round was 2.0 times the median. The closest in time, other companies' Series D rounds in Payment Processing & Point of Sale:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Payment Processing & Point of Sale | 13 Sep 2021 | $250M | $4.00B | Thrive Capital and General Catalyst |
| Payment Processing & Point of Sale | 17 Sep 2021 | $138M | $1.00B | D1 Capital Partners |
| Payment Processing & Point of Sale | 18 Aug 2021 | $200M | not disclosed | not named |
| Checkout.com Payment Processing & Point of Sale | 12 Jan 2022 | $1.00B | $40.00B | not named |
| Qonto Payment Processing & Point of Sale | 10 Jan 2022 | $550M | $5.00B | Tiger Global and Technology Crossover Ventures |
| Flutterwave Payment Processing & Point of Sale | 16 Feb 2022 | $250M | $3.00B | B Capital |
| Payment Processing & Point of Sale | 24 Jun 2021 | $50M | not disclosed | Mission Holdings and Mastercard |
| SpotOn Payment Processing & Point of Sale | 26 May 2021 | $125M | $1.88B | Andreessen Horowitz |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Bolt raise in its Series D round?
Bolt raised $393M in its Series D round, announced in Oct 2021.
Which investors took part in Bolt's Series D round?
Untitled Investments.
What was Bolt's valuation at the Series D round?
$6.00B post-money ($5.61B pre-money).
How does it compare with other Series D rounds in Payment Processing & Point of Sale?
25 Series D rounds in Payment Processing & Point of Sale within a year either side disclosed an amount; the median was $200M, and this round was 2.0 times the median.
Did Bolt raise again after this round?
Yes: a Series E round in Jan 2022 of $355M at $11.00B post-money.