What is Bolt?
Founded in 2013, Bolt operates a comprehensive mobile application that facilitates ride-hailing services, including cars and scooters, alongside expanding into food delivery. Headquartered in Tallinn, Estonia, the company has established a significant presence across numerous international markets. Bolt's business model is centered on providing accessible and affordable transportation and delivery solutions, leveraging technology to optimize its operations and user experience. The company's diverse service offerings position it as a key player in the evolving urban mobility landscape.
How much funding has Bolt raised?
Bolt has raised a total of $2.1B across 10 funding rounds:
Angel/Seed
$1.7M
Unspecified
$175M
Series C
$67M
Series B
$68M
Multiple Rounds
$377.3M
Unspecified
$713M
Unspecified
$709M
Angel/Seed (2014): $1.7M with participation from TMT Investments, Adcash, and Rubylight Technology Ltd
Unspecified (2018): $175M, investors not publicly disclosed
Series C (2019): $67M supported by Superangel, Invenfin, Nordic Ninja, Naya Capital, Creandum, and G Squared
Series B (2019): $68M featuring Activant Capital Group and Tribe Capital Growth Corp I
Debt (2020): $55.7M backed by European Investment Bank
Series A (2020): $30M, investors not publicly disclosed
Debt (2020): $109M led by Naya Capital Management UK Limited
Other Financing Round (2020): $182.6M supported by Darsana Capital Partners and D1 Capital Partners
Unspecified (2021): $713M featuring Tekne and Ghisallo and Sequoia
Unspecified (2022): $709M backed by D1 Capital Partners, Whale Rock, Sequoia Capital, Owl Rock Capital, Ghisallo, Fidelity Management Services, G Squared, and Tekne Capital Management
Key Investors in Bolt
Sequoia Capital
Sequoia Capital is a prominent venture capital firm known for its early investments in major technology companies. In India, they manage significant funds and actively partner with entrepreneurs across venture, growth, and late-stage opportunities, focusing on creating global market leaders.
D1 Capital Partners
D1 Capital Partners is an investment firm that has participated in Bolt's funding rounds. While specific details on their investment focus are not provided, their involvement suggests a strategic interest in high-growth technology companies within the mobility or logistics sectors.
Creandum
Creandum is a leading European venture capital firm that supports successful technology companies. They are known for investing in early-stage businesses and have a strong track record with notable tech giants.
What's next for Bolt?
With its recent major strategic investment, Bolt is poised for accelerated expansion and service enhancement. The company's trajectory suggests a focus on solidifying its market position in existing territories while potentially exploring new geographical regions and service verticals. Continued investment in technology, particularly in areas like electric mobility and sustainable delivery solutions, is anticipated. Bolt's ability to secure significant backing at this enterprise stage indicates strong investor confidence in its long-term vision and execution capabilities, paving the way for further innovation and market penetration.
See full Bolt company page
