Total amount raised
$8.4 Billions
Latest funding date
1/1/2022
Location
Bolt has successfully raised significant funding across multiple rounds, attracting a diverse group of investors. The platform offers a comprehensive suite of mobility services, including ride-hailing, food delivery, 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 in 2013, is a leading mobility platform headquartered in Tallinn, Estonia. The company was established by Markus Villig, Martin Villig, and Oliver Leisalu.
Offering a range of services, Bolt includes ride-hailing, food delivery, scooter rentals, and car-sharing. The platform aims to provide convenient and sustainable transportation options.
With a workforce of 1001-5000 employees, Bolt continues to expand its services across various regions, making urban mobility more accessible and efficient.
How Much Funding Has Bolt Raised?
- Debt Financing
- Amount Raised: $242M
- Date: May 2024
- Lead Investors: Barclays, BNP Paribas, Citi, Deutsche Bank, Goldman Sachs, JPMorgan, LHV Pank, Luminor
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Strengthen financial position and liquidity profile for general corporate purposes and IPO readiness.
- 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 enhance technological infrastructure.
- 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.
- Convertible Note
- Amount Raised: $20M
- Date: March 2021
- Lead Investors: International Finance Corporation
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Support growth and operational expansion.
- 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 expand market presence.
- Convertible Note
- Amount Raised: $100M
- Date: May 2020
- Lead Investors: Naya Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Strengthen financial stability and support growth initiatives.
- Debt Financing
- Amount Raised: $50M
- Date: January 2020
- Lead Investors: European Investment Bank
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Enhance liquidity and support expansion plans.
Total Amount Raised: $1.79B. 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
- Goldman Sachs
- Details: Goldman Sachs is an American multinational investment bank and financial services company headquartered in New York City. It provides a wide range of financial services including investment banking, securities, and asset management.
- Investment Focus Areas: Technology, healthcare, consumer goods
- Notable Investments: Uber, Spotify, WeWork
- JPMorgan
- Details: JPMorgan Chase & Co. is an American multinational investment bank and financial services holding company headquartered in New York City. It is one of the largest banks in the world by total assets.
- Investment Focus Areas: Technology, healthcare, financial services
- Notable Investments: Robinhood, Plaid, Lyft
- BNP Paribas
- Details: BNP Paribas is a French international banking group. It is one of the largest banks in the world, with operations in 72 countries.
- Investment Focus Areas: Corporate and institutional banking, investment solutions, retail banking
- Notable Investments: Stripe, Klarna, Revolut
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, enhance technological infrastructure, and enter new markets. The credit facility also positions Bolt to be IPO-ready, indicating a potential future fundraising milestone through public investment.
However, navigating the complexities of an IPO and managing the effective use of the credit facility will be crucial. Bolt must also contend with the competitive landscape of the shared mobility sector. Despite these challenges, the strong financial backing from major banks underscores confidence in Bolt's strategic direction and growth potential.
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