Funding round
Bolt Growth
Reported as "Growth Equity"
Bolt, which works in mobility services in Estonia, raised $175M in a Growth round announced on 30 May 2018, led by Daimler, at a $1.00B post-money valuation. 3 firms took part, 2 of them already investors. It is Bolt's first venture round on record.
$175M
Amount raised
$1.00B
Post-money valuation
3
Investors
1 lead
18%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Bolt at $1.00B after the new money. The $175M bought investors about 18% of the company. It is Bolt's first venture round on record, 5 years after it was founded in 2013. It is 9.7% of the $1.80B Bolt has raised in the venture rounds on record. Bolt raised again 1 month later: a Series A round of $22M in Jun 2018. Its next priced round, a Growth in Jan 2022, valued it at $8.38B.
Bolt's funding rounds
Bolt has 5 venture rounds on record and 2 other deals. This one is highlighted.
- Growth this round 30 May 2018, led by Daimler $175M$1.00B post-money
- Series A 1 Jun 2018 $22M
- Debt not a venture round 26 May 2020, led by Naya Capital Management $110M$1.90B post-money
- Series D 1 Dec 2020 $180M
- Growth 4 Aug 2021, led by Sequoia Capital $711M
- Growth 11 Jan 2022, led by Sequoia Capital and Fidelity Management and Research Company $711M$8.38B post-money
- Debt not a venture round 3 May 2024 $236M
Investors
Who put money in
Daimler led the round with 2 other firms. Daimler and Didi Chuxing had backed Bolt before.
Lead investor
- Daimler existing investor
Also in the round
- Didi Chuxing existing investor
- backs 25 venture-backed companies new investor
Joined the board: Daimler (Daimler).
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: 1 in Ridesharing, then Growth rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Ola Corporate Ridesharing | 11 Oct 2017 | $1.10B | $7.00B | Tencent |
| Tanium Tech Companies | 16 May 2018 | $175M | $5.00B | TPG |
| Oil & Gas - Extraction & Distribution | 23 May 2018 | $150M | not disclosed | Tailwater Capital |
| Banks & ATMs | 22 May 2018 | $90M | not disclosed | not named |
| Garbage Collection & Waste Disposal | 10 May 2018 | $65M | not disclosed | not named |
| Tech Companies | 1 May 2018 | $56M | not disclosed | One Peak |
| Tech Companies | 31 May 2018 | $55M | not disclosed | not named |
| Tech Companies | 15 May 2018 | $50M | not disclosed | not named |
Sources
Where this comes from
Reported by 7 sources.
Questions
Frequently asked
How much did Bolt raise in its Growth round?
Bolt raised $175M in its Growth round, announced in May 2018.
Who led Bolt's Growth round?
Daimler led it, with Didi Chuxing and Korelya Capital.
What was Bolt's valuation at the Growth round?
$1.00B post-money.
Did Bolt raise again after this round?
Yes: a Series A round in Jun 2018 of $22M.