USA – 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, Wrocław, and Barcelona, launched new products like SSO Commerce™, 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. 1501/2022