Total amount raised
$8.4 Billion
Latest funding date
1/1/2022
Location
Bolt has successfully raised funding over 20 rounds, with the latest being a Debt Financing round. The company has attracted a total of 57 investors, including notable names like Deutsche Bank and Barclays.
Keep reading to explore the intricacies of Bolt's fundraising journey and the investors backing this innovative mobility platform.
What Is Bolt?
Bolt, headquartered in Tallinn, Harjumaa, Estonia, is a leading mobility app offering a variety of services such as rides, food delivery, scooters, and car-sharing. The company operates in multiple sectors including car sharing, food delivery, mobile apps, ride sharing, and transportation.
Founded by Markus Villig, Bolt has grown significantly, employing between 1001 and 5000 people. The company is recognized as Europe's first super-app for mobility, aiming to make cities more livable by providing alternatives to private vehicle ownership.
How Much Funding Has Bolt Raised?
- Debt Financing
- Amount Raised: EUR 220,000,000
- Date: May 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To bolster financial standing and liquidity profile ahead of a planned IPO.
- Secondary Market
- Amount Raised: Not publicly disclosed
- Date: February 2024
- Lead Investors: BADideas.fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity for existing shareholders.
- Series F
- Amount Raised: Not publicly disclosed
- Date: January 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand services and improve technology.
- Secondary Market
- Amount Raised: GBP 672,490
- Date: July 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity for existing shareholders.
- Series F
- Amount Raised: EUR 628,000,000
- Date: January 2022
- Lead Investors: Fidelity, Sequoia Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and expand market reach.
- Series E
- Amount Raised: EUR 600,000,000
- Date: August 2021
- Lead Investors: Sequoia Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance technology and expand services.
- Private Equity
- Amount Raised: Not publicly disclosed
- Date: March 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support strategic growth initiatives.
- Convertible Note
- Amount Raised: EUR 20,000,000
- Date: March 2021
- Lead Investors: International Finance Corporation
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To improve financial flexibility and support expansion.
- Series D
- Amount Raised: EUR 150,000,000
- Date: December 2020
- Lead Investors: D1 Capital Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance technology.
- Convertible Note
- Amount Raised: EUR 100,000,000
- Date: May 2020
- Lead Investors: Naya Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing operations and expansion.
Total Amount Raised: EUR 1,718,672,490
Current Valuation: Not publicly disclosed
Key Investors
- Deutsche Bank
- Details: Deutsche Bank is a global banking and financial services company headquartered in Frankfurt, Germany. It offers a wide range of financial services including investment banking, asset management, and private banking.
- Investment Focus Areas: General banking, financial services, asset management.
- Notable Investments: Participated in the Debt Financing round for Bolt.
- Barclays
- Details: Barclays is a British multinational investment bank and financial services company headquartered in London. It provides services in investment banking, wealth management, and personal banking.
- Investment Focus Areas: Investment banking, wealth management, personal banking.
- Notable Investments: Participated in the Debt Financing round for Bolt.
- Goldman Sachs
- Details: Goldman Sachs is a leading global investment banking, securities, and investment management firm headquartered in New York City. It offers a wide range of financial services to a substantial and diversified client base.
- Investment Focus Areas: Investment banking, securities, investment management.
- Notable Investments: Investments in technology, healthcare, real estate.
- JP Morgan
- Details: JP Morgan is a major American multinational investment bank and financial services holding company headquartered in New York City. It is one of the largest banks in the United States and provides a variety of financial services.
- Investment Focus Areas: Investment banking, financial services, asset management.
- Notable Investments: Investments in technology, healthcare, financial services.
- Fidelity
- Details: Fidelity is a multinational financial services corporation based in Boston, Massachusetts. It is one of the largest asset managers in the world, providing investment management, retirement planning, portfolio guidance, and brokerage services.
- Investment Focus Areas: Asset management, retirement planning, brokerage services.
- Notable Investments: Investments in technology, healthcare, financial services.
What's Next for Bolt?
With a €220 million revolving credit facility secured, Bolt is poised to capitalize on significant growth opportunities. This financial flexibility allows the company to expand its services, invest in new technologies, and enter new markets, particularly in Ireland where they plan to roll out e-bike rentals and create new jobs in Dublin.
As Bolt prepares for an IPO, the successful credit facility underscores its strong financial standing, making it an attractive candidate for future investments. The company is likely to pursue additional fundraising through public offerings or further credit facilities to support its ambitious expansion plans.
However, Bolt faces challenges such as navigating regulatory requirements, managing rapid growth, and staying ahead of competitors in the mobility sector. The company must also ensure effective utilization of its financial resources to drive strategic objectives and maintain its market position.
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