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Saturday, May 28, 2022

Bolt closes €600 mln round, bigger than Wolt

Estonian startup Bolt said it has raised 600 million euros funding round, increasing its valuation to more than €4 billion to boost its new grocery delivery service, Bolt Market, and accelerate the expansion of existing mobility and delivery products.

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In January Bolt’s Finnish peer, Wolt unveiled a $530 million round of financing following its rapid expansion within the grocery and retail sectors during 2020.

The funds were raised from a range of investors including Sequoia, Tekne, and Ghisallo, G Squared, D1 Capital, and Naya.

Bolt Market will be launched in 10 European countries over the next few months, including the Baltics and Central Europe, Sweden, Portugal, Croatia, and Romania, it said.

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Jan Ameri
Jan Ameri
Entrepreneur-by-heart – and by actions since 1998. Being an expert in spotting new opportunities and creating new concepts, Jan has been a partner or co-founder in seven different companies in various industries. In the early 2000’s he was pioneering some of the very first WAP, SMS, and interactive TV based wireless games and fantasy sports games in the Nordic countries. Jan loves to watch Shark Tank and The Profit in his free time. And he is an FC Barcelona fan.

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