Total amount raised
$11 Billions
Latest funding date
December, 2021
Location
Bolt has successfully raised significant funding over multiple rounds, attracting a diverse group of investors. The platform offers a range of services, including ride-hailing, food delivery, scooters, and car-sharing.
Keep reading to explore the intricacies of Bolt's fundraising journey and the investors backing this innovative platform.
What Is Bolt?
Bolt, founded on August 1, 2013, in Tallinn, Estonia, is a versatile mobility app offering ride-hailing, food delivery, scooters, and car-sharing services. The company was established by Markus Villig, Martin Villig, and Oliver Leisalu.
With a mission to make cities more people-friendly, Bolt provides alternatives to personal car ownership. Their services include Bolt Ride-Hailing, Bolt Food, Bolt Scooters, Bolt Drive, Bolt Business, and Bolt Market.
Currently, Bolt employs between 1001 and 5000 people, reflecting its significant growth and impact in the mobility sector.
How Much Funding Has Bolt Raised?
- Debt Financing
- Amount Raised: €220M
- Date: May 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Strengthen financial position and prepare for IPO.
- Series F
- Amount Raised: €628M
- Date: January 2022
- Lead Investors: Fidelity, Sequoia Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Expand services and improve technology.
- Series E
- Amount Raised: €600M
- Date: August 2021
- Lead Investors: Sequoia Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Scale operations and enter new markets.
- Series D
- Amount Raised: €150M
- Date: December 2020
- Lead Investors: D1 Capital Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Enhance service offerings and infrastructure.
- Convertible Note
- Amount Raised: €100M
- Date: May 2020
- Lead Investors: Naya Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Support growth and operational needs.
- Debt Financing
- Amount Raised: €50M
- Date: January 2020
- Lead Investors: European Investment Bank
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Fund expansion and technological advancements.
Total Amount Raised: €1.748B
Current Valuation: Not publicly disclosed
Key Investors
- Fidelity
- Details: Fidelity is a multinational financial services corporation based in Boston, Massachusetts. It offers a wide range of services including investment management, retirement planning, and brokerage services.
- Investment Focus Areas: Technology, healthcare, financial services.
- Notable Investments: Uber, SpaceX, Airbnb.
- Sequoia Capital
- Details: Sequoia Capital is a venture capital firm headquartered in Menlo Park, California. It is known for investing in early-stage and growth-stage companies.
- Investment Focus Areas: Technology, healthcare, consumer services.
- Notable Investments: Apple, Google, WhatsApp.
- D1 Capital Partners
- Details: D1 Capital Partners is a global investment firm based in New York City. It focuses on public and private market investments.
- Investment Focus Areas: Technology, healthcare, industrials.
- Notable Investments: Stripe, Instacart, Robinhood.
- Naya Capital
- Details: Naya Capital is a London-based investment management firm. It specializes in global equity and credit markets.
- Investment Focus Areas: Technology, financial services, consumer goods.
- Notable Investments: Not publicly disclosed.
- European Investment Bank
- Details: The European Investment Bank (EIB) is the lending arm of the European Union. It provides finance and expertise for sustainable investment projects.
- Investment Focus Areas: Infrastructure, innovation, climate action.
- Notable Investments: Not publicly disclosed.
What's Next for Bolt?
With a €220 million revolving credit facility secured, Bolt is poised to seize significant growth opportunities. This financial flexibility allows the company to expand its services, invest in new technologies, and enhance its market presence. The credit facility also positions Bolt to be IPO-ready, indicating a potential future fundraising milestone through public markets.
However, navigating the complexities of an IPO and managing rapid expansion present challenges. Ensuring effective utilization of the credit facility and maintaining financial stability will be crucial. As Bolt continues to grow, it must also stay ahead of industry trends and leverage AI for business growth, as highlighted by its leadership at industry summits.
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