Funding round
Bolt Growth
Reported as "Growth Equity"
Bolt, which works in mobility services in Estonia, raised $711M in a Growth round announced on 4 Aug 2021, led by Sequoia Capital. 6 firms took part. It is Bolt's fourth venture round on record; the one before was a Series D in Dec 2020.
$711M
Amount raised
Not disclosed
Post-money valuation
6
Investors
1 lead
Valuation
What this round says about the price
Bolt did not disclose a valuation in this round; its last disclosed one was $1.00B at the Growth (May 2018). It came 8 months after Bolt's Series D. It is 40% of the $1.80B Bolt has raised in the venture rounds on record. Bolt raised again 5 months later: a Growth round of $711M in Jan 2022, at $8.38B post-money.
Bolt's funding rounds
Bolt has 5 venture rounds on record and 2 other deals. This one is highlighted.
- Growth 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 this round 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
Sequoia Capital led the round with 5 other firms.
Lead investor
- Sequoia Capital backs 589 venture-backed companies new investor
Also in the round
- Ghisallo new investor
- G Squared backs 40 venture-backed companies new investor
- D1 Capital new investor
- Naya new investor
- Tekne new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development and geographic expansion.
- Product development
- Geographic expansion
Comparable rounds
How it compares
The closest in time: 2 in Ridesharing, then Growth rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Ola Corporate Ridesharing | 9 Jul 2021 | $500M | not disclosed | not named |
| Ridesharing | 12 Jan 2021 | $115M | $1.50B | Pelham Capital |
| Trendyol Clothing Stores | 9 Aug 2021 | $1.50B | $16.50B | ADQ (UAE) |
| Kajabi Tech Companies | 26 Aug 2021 | $550M | $2.00B | Tiger Global Management |
| Zeekr Automobile Dealers & Manufacturers | 27 Aug 2021 | $500M | $9.00B | Intel Capital |
| Ingenio Tech Companies | 5 Aug 2021 | $462M | not disclosed | not named |
| OPay Payment Processing & Point of Sale | 24 Aug 2021 | $400M | $2.00B | SoftBank Vision Fund |
| Payment Processing & Point of Sale | 17 Aug 2021 | $244M | $1.00B | Cannae Holdings |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Bolt raise in its Growth round?
Bolt raised $711M in its Growth round, announced in Aug 2021.
Who led Bolt's Growth round?
Sequoia Capital led it, with Ghisallo, G Squared, D1 Capital, Naya and Tekne.
What was Bolt's valuation at the Growth round?
It was not disclosed; its last disclosed one was $1.00B at the Growth (May 2018).
Did Bolt raise again after this round?
Yes: a Growth round in Jan 2022 of $711M at $8.38B post-money.