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Total amount raised
$2.19B
Latest funding date
2024-05-03
Location
Bolt (formerly Taxify) has raised funding across multiple rounds, backed by leading investors including Sequoia Capital, Fidelity, D1 Capital Partners, Naya Capital, Daimler, and the European Investment Bank.
Keep reading to explore Bolt's full fundraising journey, from its early seed rounds to its most recent debt financing.
Bolt (formerly Taxify) has raised funding across multiple rounds, backed by leading investors including Sequoia Capital, Fidelity, D1 Capital Partners, Naya Capital, Daimler, and the European Investment Bank.
Keep reading to explore Bolt's full fundraising journey, from its early seed rounds to its most recent debt financing.
What Is Bolt?
Bolt (officially Bolt Technology OÜ) is an Estonian multinational mobility company founded in 2013 by Markus Villig in Tallinn, Estonia. The company offers ride-hailing, micromobility rental (e-scooters and e-bikes), food and grocery delivery (Bolt Food), and car-sharing services. Operating in over 45 countries across Europe and Africa, Bolt serves more than 100 million customers and competes directly with Uber and other global mobility platforms.
How Much Funding Has Bolt Raised?
- Seed / Angel Rounds (2013–2016)
- Amount Raised: ~€1M+ (multiple tranches including angel and seed rounds from Estonian and Finnish investors)
- Date: 2013–2016
- Lead Investors: Frontier Nordic, angel investors (Toomas Bergmann, Mikko Silventola, Mart Kelder, Adcash, Rubylight, TMT Investments)
- Series A (August 2017)
- Amount Raised: Undisclosed (believed to be an eight-figure USD sum)
- Date: August 2017
- Lead Investors: DiDi Chuxing
- Series C (May 2018)
- Amount Raised: USD 175,000,000
- Date: May 30, 2018
- Lead Investors: Daimler AG (Mercedes-Benz parent)
- Other Investors: DiDi Chuxing, Korelya Capital, Taavet Hinrikus
- Series C Extension (July 2019)
- Amount Raised: USD 67,000,000
- Date: July 8, 2019
- Lead Investors: Naya Capital Management UK
- Other Investors: Creandum, G Squared, Superangel, NordicNinja, Invenfin
- Venture Debt / EIB (January 2020)
- Amount Raised: EUR 50,000,000 (~USD 56,000,000)
- Date: January 16, 2020
- Lead Investors: European Investment Bank (EIB)
- Convertible Note (May 2020)
- Amount Raised: EUR 100,000,000 (~USD 109,000,000)
- Date: May 26, 2020
- Lead Investors: Naya Capital Management
- Series D (December 2020)
- Amount Raised: EUR 150,000,000 (~USD 182,000,000)
- Date: December 16, 2020
- Lead Investors: D1 Capital Partners
- Other Investors: Darsana Capital Partners
- Convertible Note / IFC (March 2021)
- Amount Raised: EUR 20,000,000 (~USD 24,000,000)
- Date: March 4, 2021
- Lead Investors: International Finance Corporation (IFC / World Bank Group)
- Series E (August 2021)
- Amount Raised: EUR 600,000,000 (~USD 714,000,000)
- Date: August 2, 2021
- Lead Investors: Sequoia Capital, Tekne Capital Management
- Other Investors: G Squared, D1 Capital Partners, Naya Capital Management, Ghisallo
- Series F (January 2022)
- Amount Raised: EUR 628,000,000 (~USD 711,000,000)
- Date: January 10, 2022
- Lead Investors: Sequoia Capital, Fidelity Management and Research Company
- Other Investors: Whale Rock Capital, D1 Capital Partners, G Squared, Tekne Capital Management, Ghisallo, Owl Rock Capital
- Debt Financing / Revolving Credit Facility (May 2024)
- Amount Raised: EUR 220,000,000 (~USD 236,000,000)
- Date: May 3, 2024
- Lead Investors: No single lead; syndicated by Barclays, BNP Paribas, Citi, Deutsche Bank, Goldman Sachs, JPMorgan, LHV Pank, Luminor
Total Amount Raised: At least $2.19B based on disclosed funding rounds (note: some early-stage and secondary rounds have undisclosed amounts).
Key Investors
- Sequoia Capital
- Details: Sequoia led both the Series E (August 2021, €600M) and Series F (January 2022, €628M), making it one of Bolt's most prominent backers and instrumental in the company's path toward an IPO.
- Fidelity Management and Research Company
- Details: Co-led the Series F round alongside Sequoia Capital in January 2022, contributing to Bolt's €7.4 billion valuation at that time.
- D1 Capital Partners
- Details: Lead investor in the December 2020 Series D (€150M) and a participant in subsequent Series E and F rounds, reflecting continued conviction in Bolt's growth trajectory.
- Naya Capital Management
- Details: Led the July 2019 Series C extension ($67M) and the May 2020 convertible note (€100M); has been a recurring investor across multiple rounds.
- Daimler AG (Mercedes-Benz)
- Details: Led the May 2018 Series C round ($175M), which brought Bolt to unicorn status at a $1 billion valuation.
- European Investment Bank (EIB)
- Details: Provided a €50 million venture debt facility in January 2020, backed by the InvestEU program, underscoring Bolt's strategic importance to European mobility infrastructure.
- International Finance Corporation (IFC)
- Details: Invested €20 million (~$24M) in March 2021 via a convertible note to support Bolt's expansion in emerging markets including Nigeria, South Africa, and Eastern Europe.
What's Next for Bolt?
With a €220 million revolving credit facility secured, Bolt is poised to capitalize on significant growth opportunities. The company plans to expand its reach in existing markets while entering new territories, leveraging its multi-service platform to drive user adoption. Bolt is actively investing in enhancing its technology infrastructure, aiming to improve operational efficiency and user experience across its ride-hailing, food delivery, and micromobility services. Additionally, Bolt has signaled intentions to explore an IPO, a move that would further solidify its position as a leading global mobility platform.
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