Bolt Raises $355M in Series E Funding

bolt

Bolt, a San Francisco, CA-based checkout and shopper network company, secured $355m in the first part of its Series E funding.

Lead investors in this round are funds & accounts managed by BlackRock, with participation from Schonfeld,¬†Invus Opportunities, H.I.G. Growth, and CE Innovation Capital. This new raise brings Bolt’s total funding to nearly¬†$1 billion.

Led by Ryan Breslow, founder and CEO, Bolt strengthens retailers’ relationships with their customers by enabling secure, logged-in, lightning-fast checkouts. The company’s network of one-click-checkout-ready shoppers visits Bolt merchants as if they are return customers. Hundreds of retailers currently use Bolt.

The company, which has offices in¬†New York City,¬†Salt Lake City,¬†Seattle,¬†Toronto,¬†Stockholm, WrocŇāaw, and¬†Barcelona, launched new products like¬†SSO Commerce‚ĄĘ, which redefines customer logins and unites store accounts with Bolt accounts;¬†expanded into¬†Europe; added new customers like Benefit Cosmetics and launched new strategic partnerships with¬†Adobe Commerce¬†and¬†PrestaShop; and acquired¬†Sweden-based Tipser, a startup that enables shopping on any digital surface. In 2021, Bolt also launched a number of forward-thinking workplace experiences that are helping reshape the industry.

FinSMEs

1501/2022