Bolt Revenue, Valuation, Funding & Investors

Bolt is valued at $270M as of May 2024, a 10.0x revenue multiple. Bolt revenue was $27M, as disclosed with its latest round.

See full Bolt profile

Last Bolt valuation

$270M

Secondary · May 2024

Last Bolt funding round

$355M

Series E · Jan 2022

Bolt revenue

$27M

Secondary · May 2024

Key investors in Bolt

  • Activant Capital
  • Tribe Capital
  • General Atlantic
  • Moore Strategic Ventures
  • WestCap
  • Launchbay Capital

Bolt Overview

About Bolt

Bolt is a San Francisco company that sells a one-click checkout product to online retailers, together with payments processing and fraud protection. Shoppers save their details once on the Bolt network and then check out as logged-in customers on any merchant that uses it. Ryan Breslow founded the company in 2014, and it earns a share of the value of purchases made through its checkout. It raised a 355 million dollar Series E at an 11 billion dollar valuation in January 2022, after a 393 million dollar Series D in October 2021, with investors such as BlackRock, General Atlantic, Activant Capital and Tribe Capital. In November 2021 it bought the Swedish embedded commerce company Tipser in an all-stock deal. Its value fell sharply afterwards, and Forbes reported a company buyback of shares at a valuation near 300 million dollars in January 2024.


Founded

2014

HQ

United StatesSan Francisco, CA

Website

bolt.com

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Revenue

$27M (May 2024)

Valuation

$270M (May 2024)

Bolt Valuation

Bolt is currently valued at $270M, based on its secondary sale in May 2024. Read the announcement ↗

Bolt's valuation has moved from $500M at its Series C in July 2020 to $270M in May 2024, across 5 priced rounds.

Bolt valuation by funding round

Revenue multiple
Bolt valuation by funding round
DateStageValuationRevenue Multiple
May 2024Secondary$270M10.0x
Jan 2022Series E$11B-
Oct 2021Series D$6B-
Dec 2020Series C$1B-
Jul 2020Series C$500M-

Bolt Revenue

Bolt's latest recorded revenue is $27M, as of its secondary sale in May 2024. At a $270M valuation, that implies a 10.0x revenue multiple.

Bolt revenue by funding round

Bolt revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
May 2024$27M$270M10.0xSecondary

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Bolt Funding History

Bolt has raised a total of $963M across 6 funding rounds, plus 1 secondary share sale.

Bolt's first fundraising round was a $22M Series B in June 2018. The most recent completed round was a $355M Series E in January 2022.

Bolt funding rounds

Bolt funding rounds
DateStageInvestorsRaisedValuationDeal Summary
May 2024Secondary--$270MThe steep drop in Bolt's valuation—where the e-commerce checkout startup saw its peak valuation plummet from $11 billion to as low as $270 to $300 million in secondary stock sales—was driven by a combination of unsustainable business models, aggressive "cramdown" funding tactics, and leadership controversies.
Jan 2022Series EH.I.G. Growth Partners; Schonfeld Strategic Advisors; Centripetal; CreditEase; northstar.vc; Launchbay Capital; Invus Opportunities; BlackRock; Activant Capital; Moore Strategic Ventures$355M$11BBolt, the San Francisco online checkout company, announced a $355 million Series E financing at an $11 billion valuation in January 2022. FT Partners, which advised the company, reported that the round was led by funds and accounts managed by BlackRock. New investors included Schonfeld, Invus Opportunities, H.I.G. Growth and CE Innovation Capital, and returning investors Activant Capital, XN and Moore Strategic Ventures took part. The valuation was almost double the $6 billion set in the Series D round three months earlier. Bolt sells a one-click checkout product that lets retailers offer logged-in checkouts to shoppers who have saved their payment details on the Bolt network, and also provides payments and fraud protection. The company was founded in 2014 by Ryan Breslow and is based in San Francisco.
Oct 2021Series DDigital Horizon; Untitled Investments; Launchbay Capital; Sand Hill Angels; Willoughby Capital; Soma Capital; Tribe Capital; SAP; General Atlantic; Stack Capital Group; Ballistic Ventures; Alecla7; Activant Capital; Moore Strategic Ventures$393M$6BBolt is a one-click checkout technology company that streamlines online shopping experiences for e-commerce retailers and their customers. The platform enables businesses to offer one-click purchasing similar to Amazon's technology, incorporating payments processing and fraud prevention services. Shoppers can create a single account and use those credentials across hundreds of Bolt network brands, creating a federated checkout network outside major e-commerce marketplaces. On October 12, 2021, Bolt closed a $393 million Series D funding round at a $6 billion post-money valuation, comprising $333 million in Series D funding and $60 million in follow-on capital. The round was led by Hedosophia Services Limited and included participation from new investors Untitled Investments, Willoughby Capital, and Soma Capital, alongside returning investors including General Atlantic, Tribe Capital, and Activant Capital. At the time of the round, Bolt had attracted over $600 million in total funding since its 2014 inception. The company had processed over $1 billion in retail transactions by mid-2021 and expanded its shopper network significantly, with management projecting that Bolt would interact with eight out of ten American shoppers making purchases by 2025. The capital was intended to support expansion into Europe, development of talent, and strategic acquisitions to remain competitive with larger players like Stripe, Shopify, and Checkout.com.
Dec 2020Series CGeneral Atlantic (lead); WestCap (lead); Talent Resources Ventures; Toy Ventures; Tribe Capital; H14; Activant Capital$75M$1BBolt, the San Francisco checkout technology company, added $75 million to its Series C round in December 2020, a tranche it called Series C1. WestCap and General Atlantic led the new money, with existing investors Activant Capital and Tribe Capital also taking part. The extension followed the $50 million first tranche announced in July 2020, bringing the Series C to a total of $125 million. Bolt said the capital would fund its expansion of one-click checkout among enterprise retailers, and chief executive Ryan Breslow indicated that a later Series D would be much larger. The company offers four connected services: checkout, payments, user accounts and fraud protection, allowing shoppers to buy across a network of merchants with a single account. Bolt was founded in 2014 and competes in the crowded online checkout and payments market.
Jul 2020Series CWestCap (lead); K5 Global; Human Capital; Tribe Capital; LionTree; Activant Capital; Glynn Capital Management; Russell Cook$50M$500MBolt is a San Francisco-based fintech company providing an online checkout experience platform for retailers, offering a one-click checkout solution that integrates frontend experience with backend features like payments and fraud prevention to improve conversion rates and user control in ecommerce transactions. On July 16, 2020, Bolt announced a $50 million initial tranche of its Series C funding round, led by WestCap's Laurence Tosi, with participation from existing investors Activant Capital, Tribe Capital, Glynn Capital, Human Capital, and new investments from executives and board members from companies like Magento, Venmo, PayPal, Lyft, Tesla, and Lululemon. This brought total funding to just shy of $140 million, aimed at expanding the engineering team and developing product areas including enterprise functionality. In December 2020, Bolt added $75 million to the Series C (led by WestCap and General Atlantic), bringing the total Series C to $125 million at roughly twice the initial valuation, implying around $1 billion, positioning Bolt to capitalize on ecommerce growth amid the pandemic. Traction included exponential growth since prior raises, with Bolt processing around $1 billion in transaction volume in 2020 (up 3.5x from approximately $286 million GMV in 2019). Funds were allocated to engineering, market demand, upmarket expansion, and customizations for larger customers. Bolt continued raising larger rounds post-2020, reaching unicorn status and beyond in later financings.
Jul 2019Series BActivant Capital (lead); Tribe Capital (lead)$68M-Bolt, the San Francisco-based online checkout company, raised a $68 million Series B in July 2019, co-led by Activant Capital and Tribe Capital. The company has raised about $90 million since its official launch. Bolt launched in January 2018 and offers a one-click checkout and payments service for online retailers, aimed at reducing cart abandonment. The company said it would use the funds to improve the buying experience, expand globally.
Jun 2018Series BActivant Capital (lead)$22M-In mid-2018, Bolt, the San Francisco online checkout company founded in 2014, raised USD 22 million from Activant Capital, according to a funding history compiled by StartupTalky. The financing came roughly a year before Bolt's USD 68 million round co-led by Activant Capital and Tribe Capital in July 2019. Activant Capital, a growth investor focused on commerce and fintech infrastructure, was the recorded lead of the round. The capital was meant to develop Bolt's one-click checkout product and sign more online merchants. Bolt provides checkout software that lets online merchants process payments, analyze sales and block fraud, while shoppers log in once and pay with a single account across the Bolt network of retailers.

Who has invested in Bolt?

30 investors have backed Bolt across its funding rounds, including Activant Capital, Tribe Capital, General Atlantic, Moore Strategic Ventures, WestCap and Launchbay Capital.

Lead investors include General Atlantic, WestCap, Activant Capital and Tribe Capital.


Bolt Investors

Investors in Bolt by funding rounds participated
InvestorHQRoundsRoleFirst check
Activant CapitalUnited StatesGreenwich, CT6LeadJun 2018
Tribe CapitalUnited StatesSan Francisco, CA4LeadJul 2019
Launchbay CapitalUnited KingdomLondon2ParticipantOct 2021
General AtlanticUnited StatesNew York City, NY2LeadDec 2020
WestCapUnited StatesUnited States2LeadJul 2020
Moore Strategic VenturesUnited StatesNew York City, NY2ParticipantOct 2021
K5 GlobalUnited StatesSan Francisco, CA1ParticipantJul 2020
H.I.G. Growth PartnersUnited StatesMiami, FL1ParticipantJan 2022
Digital HorizonVietnamHo Chi Minh City1ParticipantOct 2021
Schonfeld Strategic AdvisorsUnited StatesNew York City, NY1ParticipantJan 2022
Untitled InvestmentsUnited StatesNew York City, NY1ParticipantOct 2021
CentripetalSwedenStockholm1ParticipantJan 2022
CreditEaseChinaChina1ParticipantJan 2022

This data is available for Pro users. Sign up to see all 30 Bolt investors.

Start Free Trial

Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.

Start Free Trial

Acquisitions by Bolt

Bolt has acquired 1 company to date.

Last acquisition by Bolt was on November 24th 2021. Bolt acquired Tipser for $200M.


Latest Acquisitions by Bolt

Tipser
Description
Tipser is a Stockholm-headquartered enterprise platform for embedded commerce that allows purchases directly within publisher sites without redirects. Brands access new sales channels via one-click buying, while publishers earn commissions on content-driven transactions. Tipser powers shoppable articles for media outlets like Vogue and GQ across Europe and the U.S.
HQ CountrySweden
HQ City
Stockholm
Deal Date24 Nov 2021
Valuation$200M
EV/Revenue
EV/EBITDA

This data is available for Pro users. Sign up to see all Bolt acquisitions and their M&A valuation multiples.

Start Free Trial

Bolt Competitors

Bolt competitors include listed companies like A2Z Cust2Mate and Cafe24, and private ones like SCI Ecommerce, Primer, Numeral and Rutter.

Public and private companies comparable to Bolt
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
SCI EcommerceSingaporeSingaporePrivate--$235M-
PrimerUnited KingdomLondonPrivate--$425M-
NumeralUnited StatesSan Francisco, CAPrivate$5M-$350M70.0x
RutterUnited StatesSan Francisco, CAPrivate$2M-$190M95.0x
A2Z Cust2MateCanadaCanadaPublicly listed$8M($35M)$270M7.2x
Cafe24South KoreaSouth KoreaPublicly listed$236M$50M$296M0.8x

Bolt Public Comps

Bolt is still privately-owned, but its public comps include A2Z Cust2Mate, Commerce.com, Tyro Payments, CAB Payments Holdings, Paysafe, Cafe24, BASE, Coveo Solutions, Fonix and Fast Finance Pay.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
A2Z Cust2Mate$8M($35M)28.5x7.2x(6.4x)(16.9x)
Commerce.com$342M$2M0.8x0.8x170.3x7.9x
Tyro Payments$335M$47M0.6x0.5x4.0x3.9x
CAB Payments Holdings$157M$47M1.9x1.7x6.5x5.6x
Paysafe$1.7B$341M1.5x1.5x7.7x5.8x
Cafe24$236M$50M0.7x0.8x3.3x3.6x
BASE$131M$11M0.8x0.8x9.9x9.2x
Coveo Solutions$148M($25M)1.6x1.5x(9.5x)86.8x

This data is available for Pro users. Sign up to see all Bolt competitors and their valuation data.

Start Free Trial

Common questions about Bolt

When was Bolt founded?Bolt was founded in 2014.
Where is Bolt headquartered?Bolt is headquartered in San Francisco, CA, United States.
Is Bolt publicly listed?No, Bolt is a private, VC-backed company.
What is Bolt's valuation?Bolt was last valued at $270M in its secondary sale in May 2024.
How much funding has Bolt raised?Bolt has raised $963M across 6 funding rounds.
What was Bolt's last funding round?Bolt's last funding round was a $355M Series E in January 2022.
Who are Bolt's investors?Bolt's investors include Activant Capital, Tribe Capital, Launchbay Capital, General Atlantic, WestCap, Moore Strategic Ventures, K5 Global, H.I.G. Growth Partners, Digital Horizon, Schonfeld Strategic Advisors and 20 others.
What is Bolt's revenue?Bolt's latest recorded revenue is $27M (May 2024).
What is Bolt's revenue multiple?Bolt's latest valuation implies a 10.0x revenue multiple ($270M valuation on $27M of revenue).
Which companies are comparable to Bolt?Companies comparable to Bolt include SCI Ecommerce, Primer, Numeral, Rutter, A2Z Cust2Mate and Cafe24.
How many companies has Bolt acquired?Bolt has acquired 1 company, including Tipser.
What was the largest acquisition by Bolt?The $200M acquisition of Tipser in November 2021 is the largest acquisition Bolt has made to date.

See companies similar to Bolt

Start Your
Free Trial Today

Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.

Start Trial