Funding round
Bolt Series D
Bolt, which works in mobility services in Estonia, raised $180M in a Series D round announced on 1 Dec 2020. It is Bolt's third venture round on record; the one before was a Series A in Jun 2018.
$180M
Amount raised
150,000,000 EUR converted
Not disclosed
Post-money valuation
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 30 months after Bolt's Series A. It is 10% of the $1.80B Bolt has raised in the venture rounds on record. Bolt raised again 8 months later: a Growth round of $711M in Aug 2021. 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 1 Jun 2018 $22M
- Debt not a venture round 26 May 2020, led by Naya Capital Management $110M$1.90B post-money
- Series D this round 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
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: Series D rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Fuze Health Drug Stores & Pharmacies | 3 Dec 2020 | $250M | $1.00B | SoftBank Vision Fund |
| Pharmaceutical Products | 8 Dec 2020 | $181M | not disclosed | RTW Investments, LP and GT Fund |
| Medical Laboratories | 3 Dec 2020 | $175M | $1.30B | not named |
| Software Development Services | 1 Dec 2020 | $155M | $3.50B | Tiger Global |
| Tech Companies | 17 Dec 2020 | $150M | not disclosed | not named |
| Tech Companies | 10 Dec 2020 | $130M | not disclosed | Insight Partners |
| project44 Tech Companies | 21 Dec 2020 | $100M | not disclosed | Insight Partners |
| Medical Supply Manufacturers | 28 Dec 2020 | $92M | not disclosed | GL Ventures |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Bolt raise in its Series D round?
Bolt raised $180M in its Series D round, announced in Dec 2020.
What was Bolt's valuation at the Series D 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 Aug 2021 of $711M.