Funding round
Bolt Series A
Bolt, which works in mobility services in Estonia, raised $22M in a Series A round announced on 1 Jun 2018. 8 firms took part. It is Bolt's second venture round on record; the one before was a Growth in May 2018.
$22M
Amount raised
Not disclosed
Post-money valuation
8
Investors
no lead named
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 1 month after Bolt's Growth. It is 1.2% of the $1.80B Bolt has raised in the venture rounds on record. Bolt raised again 30 months later: a Series D round of $180M in Dec 2020. 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 30 May 2018, led by Daimler $175M$1.00B post-money
- Series A this round 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
8 firms took part; no lead investor was named.
Investors
- backs 28 venture-backed companies new investor
- Oriza Ventures new investor
- backs 68 venture-backed companies new investor
- StartX Fund new investor
- backs 72 venture-backed companies new investor
- backs 65 venture-backed companies new investor
- backs 3 venture-backed companies new investor
- backs 27 venture-backed companies new investor
Comparable rounds
How it compares
The closest in time: 2 in Ridesharing, then Series A rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Ridesharing | 12 Feb 2019 | $22M | not disclosed | Millennium New Horizons and Cyrus Capital Partners |
| Ridesharing | 1 Sep 2017 | $5.0M | not disclosed | Leta Capital |
| Pharmaceutical Products | 19 Jun 2018 | $65M | not disclosed | Qiming Venture Partners |
| Pharmaceutical Products | 11 Jun 2018 | $50M | not disclosed | Formic Ventures |
| Medical Supply Manufacturers | 3 Jun 2018 | $50M | not disclosed | Ally Bridge Group |
| Biotechnology | 25 Jun 2018 | $40M | not disclosed | Sofinnova Partners and 5AM Ventures |
| Aerospace and Defence | 14 Jun 2018 | $35M | not disclosed | Airbus Ventures and Alphabet |
| Insurance - Agents, Carriers & Brokers | 4 Jun 2018 | $30M | not disclosed | Valar Ventures |
Questions
Frequently asked
How much did Bolt raise in its Series A round?
Bolt raised $22M in its Series A round, announced in Jun 2018.
Which investors took part in Bolt's Series A round?
Navitas Capital, Oriza Ventures, RRE, StartX Fund, Streamlined Ventures and Tuesday Capital and 2 more.
What was Bolt's valuation at the Series A 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 Series D round in Dec 2020 of $180M.