Bolt raised $355 million in its Series E funding round, bringing the checkout and shopper network solution provider’s funding total to nearly $1 billion. Lead investors include funds and accounts managed by BlackRock, with participation from Schonfeld, Invus Opportunities, H.I.G. Growth and CE Innovation Capital.
“Since Bolt’s founding, we’ve relentlessly focused on improving the online purchasing experience,” said Ryan Breslow, Founder and CEO of Bolt in a statement. “We’re very proud to partner with this prestigious group of investors as we accelerate our product development, hire top product and engineering talent, ramp up our strategic investments, forge more partnerships, expand internationally and roll out more Conscious Culture initiatives to transform workplaces for the better.”
Bolt generated significant results in 2021, growing GMV per merchant by 80% and increasing its number of accounts and transactions by 180% and 200%, respectively, year-over-year. The company launched new products including SSO Commerce, expanded into Europe, added new customers such as Benefit Cosmetics and acquired Tipser, a Sweden-based startup that enables shopping on any digital surface.
In 2021 Bolt also launched forward-thinking workplace experiences, including the Conscious Culture movement, and instituted a four-day work week.