Funding round
Bolt Growth
Reported as "Growth Equity"
Bolt, which works in mobility services in Estonia, raised $711M in a Growth round announced on 11 Jan 2022, led by Sequoia Capital and Fidelity Management and Research Company, at a $8.38B post-money valuation. 8 firms took part. It is Bolt's fifth venture round on record; the one before was a Growth in Aug 2021.
$711M
Amount raised
628,000,000 EUR converted
$8.38B
Post-money valuation
$7.67B pre-money
8
Investors
2 leads
8.4x
Step-up from the Growth
$1.00B in May 2018
8.5%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Bolt at $8.38B after the new money, 8.4 times the $1.00B of its Growth (May 2018). The $711M bought investors about 8.5% of the company. It came 5 months after Bolt's Growth. It is 40% of the $1.80B Bolt has raised in the venture rounds on record. No later venture round is on record for Bolt.
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 4 Aug 2021, led by Sequoia Capital $711M
- Growth this round 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 and Fidelity Management and Research Company led the round with 6 other firms.
Lead investors
- Sequoia Capital backs 589 venture-backed companies new investor
- Fidelity Management and Research Company new investor
Also in the round
- Whale Rock new investor
- Blue Owl Capital backs 36 venture-backed companies new investor
- backs 15 venture-backed companies new investor
- G Squared backs 40 venture-backed companies new investor
- Tekne new investor
- Ghisallo new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to scaling operations.
- Scaling operations
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 |
| Invenergy Renewable energy companies | 7 Jan 2022 | $3.00B | not disclosed | Blackstone |
| Martello Re Insurance - Agents, Carriers & Brokers | 12 Jan 2022 | $1.65B | not disclosed | not named |
| Flow Real Estate Rental | 1 Jan 2022 | $450M | not disclosed | Andreessen Horowitz |
| project44 Tech Companies | 11 Jan 2022 | $420M | not disclosed | Thoma Bravo and TPG |
| Oil & Gas - Extraction & Distribution | 18 Jan 2022 | $400M | not disclosed | EnCap Flatrock Midstream |
| Animoca Brands Tech Companies | 18 Jan 2022 | $359M | $5.00B | Liberty City Ventures |
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 Jan 2022.
Who led Bolt's Growth round?
Sequoia Capital and Fidelity Management and Research Company led it, with Whale Rock, Blue Owl Capital, D1 Ventures, G Squared and Tekne and 1 more.
What was Bolt's valuation at the Growth round?
$8.38B post-money ($7.67B pre-money).