Funding round
Bolt Series E
Bolt, which works in digital financial services in San Francisco, raised $355M in a Series E round announced on 14 Jan 2022, led by BlackRock, at a $11.00B post-money valuation. 7 firms took part, 3 of them already investors. It is Bolt's fourth venture round on record; the one before was a Series D in Oct 2021.
$355M
Amount raised
$11.00B
Post-money valuation
$10.64B pre-money
7
Investors
1 lead
1.8x
Step-up from the Series D
$6.00B in Oct 2021
3.2%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Bolt at $11.00B after the new money, 1.8 times the $6.00B of its Series D (Oct 2021). The $355M bought investors about 3.2% of the company. It came 3 months after Bolt's Series D. It is 40% of the $893M Bolt has raised in the venture rounds on record. Bolt raised again 56 months later: a Bridge round of $27M in Sep 2026.
Bolt's funding rounds
Bolt has 5 venture rounds on record. This one is highlighted.
Investors
Who put money in
BlackRock led the round with 6 other firms. BlackRock, Activant and Moore Strategic Ventures had backed Bolt before.
Lead investor
- BlackRock existing investor
Also in the round
- Schonfeld new investor
- Invus backs 83 venture-backed companies new investor
- H.I.G. Growth new investor
- CE Innovation Capital new investor
- backs 48 venture-backed companies existing investor
- Moore Strategic Ventures existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations, acquisitions and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Acquisitions
- Working capital
Comparable rounds
How it compares
7 Series E rounds in Payment Processing & Point of Sale within a year either side disclosed an amount; the median was $251M, and this round was 1.4 times the median. The closest in time, other companies' Series E rounds in Payment Processing & Point of Sale:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Payment Processing & Point of Sale | 21 Dec 2021 | $200M | $2.00B | Mizuho |
| CRED Payment Processing & Point of Sale | 18 Oct 2021 | $251M | $4.01B | Tiger Global and Alpha Wave Global |
| SpotOn Payment Processing & Point of Sale | 13 Sep 2021 | $300M | $3.15B | Andreessen Horowitz |
| BharatPe Payment Processing & Point of Sale | 4 Aug 2021 | $370M | $2.85B | Tiger Global |
| Rapyd Payment Processing & Point of Sale | 3 Aug 2021 | $300M | $8.75B | Target Global |
| Razorpay Payment Processing & Point of Sale | 19 Apr 2021 | $160M | $3.00B | Sequoia Capital and GIC |
| Airwallex Payment Processing & Point of Sale | 10 Oct 2022 | $100M | $5.50B | not named |
Sources
Where this comes from
Reported by 4 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Bolt raise in its Series E round?
Bolt raised $355M in its Series E round, announced in Jan 2022.
Who led Bolt's Series E round?
BlackRock led it, with Schonfeld, Invus, H.I.G. Growth, CE Innovation Capital and Activant and 1 more.
What was Bolt's valuation at the Series E round?
$11.00B post-money ($10.64B pre-money).
How does it compare with other Series E rounds in Payment Processing & Point of Sale?
7 Series E rounds in Payment Processing & Point of Sale within a year either side disclosed an amount; the median was $251M, and this round was 1.4 times the median.
Did Bolt raise again after this round?
Yes: a Bridge round in Sep 2026 of $27M.