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- Bolt
Bolt Revenue, Valuation, Funding & Investors
Bolt is valued at $270M as of May 2024.
Last Bolt valuation
$270M
Secondary · May 2024
Last Bolt funding round
$355M
Series E · Jan 2022
Bolt revenue
$2.3B
Series E · Jan 2022
Key investors in Bolt
Activant Capital
Tribe Capital
General Atlantic
Moore Strategic Ventures
Westcap
Launchbay Capital
About Bolt
Bolt is a San Francisco-headquartered company founded in 2014 that provides one-click checkout solutions for e-commerce merchants. Retailers such as REVOLVE, Casper, Badgley Mischka, and Benefit Cosmetics use Bolt to enable frictionless, secure transactions that accelerate conversions and customer retention.
Founded
2014
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Revenue
$2.3B (Jan 2022)
Valuation
$270M (May 2024)
Bolt Valuation
Bolt is currently valued at $270M, based on its secondary sale in May 2024.
Bolt's valuation has moved from $500M at its Series C in July 2020 to $270M in May 2024, across 4 priced rounds.
Bolt valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| May 2024 | Secondary | $270M | - |
| Jan 2022 | Series E | $11B | 4.8x |
| Oct 2021 | Series D | $6B | 10.1x |
| Jul 2020 | Series C | $500M | - |
Bolt Revenue
Bolt's latest recorded revenue is $2.3B, as of its Series E in January 2022. At a $11B valuation, that implies a 4.8x revenue multiple.
Revenue grew from $592M in October 2021 to $2.3B in January 2022, while the revenue multiple moved from 10.1x to 4.8x.
Bolt revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Jan 2022 | $2.3B | $11B | 4.8x | Series E |
| Oct 2021 | $592M | $6B | 10.1x | Series D |
* 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 $982M across 7 funding rounds, plus 1 secondary share sale.
Bolt's first fundraising round was a $19M Series A in October 2016. The most recent completed round was a $355M Series E in January 2022.
Bolt funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| May 2024 | Secondary | - | - | $270M | The 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 2022 | Series E | H.I.G. Growth Partners; Schonfeld Strategic Advisors; Centripetal; CreditEase; northstar.vc; Launchbay Capital; Invus Opportunities; BlackRock; Activant Capital; Moore Strategic Ventures | $355M | $11B | Bolt, an Estonia-based mobility super app formerly known as Taxify, provides on-demand ride-hailing, shared cars, scooters, restaurant and grocery delivery services across 45 countries and over 400 cities, serving more than 100 million customers as of early 2022. The company operates business lines including a 15-minute grocery delivery service called Bolt Market with dark stores in 10 cities at the time of the round. In January 2022, Bolt raised €628 million ($709 million) in a late-stage funding round at a post-money valuation of €7.4 billion ($8.4 billion), following a €600 million Series E four months earlier at over €4 billion valuation. Statista confirms the €7.4 billion valuation for the January 10, 2022 round, up from €4 billion in August 2021. Funds were allocated to geographic expansion, growing consumer and partner base, and scaling newer units like Bolt Market with additional dark stores. Bolt reported double-digit growth in its mature ride-hailing business and faster expansion in newer segments amid shifting preferences toward alternative mobility options, partnering with city governments on transportation strategies. |
| Oct 2021 | Series D | Digital Horizon; Launchbay Capital; Sand Hill Angels; Soma Capital; Tribe Capital; SAP; General Atlantic; Stack Cap Gr; Ballistic Ventures; Alecla7; Activant Capital; Moore Strategic Ventures | $393M | $6B | Bolt 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 2020 | Series C | General Atlantic (lead); Westcap (lead); Talent Resources Ventures; Toy Ventures; Tribe Capital; H14; Activant Capital | $75M | - | - |
| Jul 2020 | Series C | Westcap (lead); K5 Global; Human Capital; Tribe Capital; LionTree; Activant Capital; Glynn Capital Management; Russell Cook | $50M | $500M | Bolt 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 2019 | Series B | Activant Capital (lead); Tribe Capital (lead) | $68M | - | - |
| Jun 2018 | Series B | Activant Capital (lead) | $22M | - | - |
| Oct 2016 | Series A | Long Venture Partners (lead); CSC Upshot; Streamlined; Blue Gentian Capital | $19M | - | - |
Who has invested in Bolt?
32 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, Tribe Capital and Long Venture Partners.
Bolt Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 6 | Lead | Jun 2018 | ||
| 4 | Lead | Jul 2019 | ||
| 2 | Participant | Oct 2021 | ||
| 2 | Lead | Dec 2020 | ||
| 2 | Participant | Oct 2021 | ||
| 2 | Lead | Jul 2020 | ||
| 1 | Participant | Jul 2020 | ||
| 1 | Participant | Oct 2016 | ||
| 1 | Participant | Jan 2022 | ||
| 1 | Participant | Oct 2021 | ||
| 1 | Participant | Jan 2022 | ||
| 1 | Participant | Oct 2016 | ||
| 1 | Participant | Jan 2022 | ||
This data is available for Pro users. Sign up to see all 32 Bolt investors. Start Free Trial | ||||
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Start Free TrialAcquisitions 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
| 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 Country | |
| HQ City | Stockholm |
| Deal Date | 24 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 Cafe24 and BASE, and private ones like SCI Ecommerce, Primer, Numeral and Rutter.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $235M | - | ||
| Private | $4M | - | $425M | 106.3x | ||
| Private | $5M | - | $350M | 70.0x | ||
| Private | $2M | - | $190M | 95.0x | ||
| Publicly listed | $229M | $49M | $271M | 0.7x | ||
| Publicly listed | $133M | $11M | $251M | 0.8x |
Bolt Public Comps
Bolt is still privately-owned, but its public comps include Cafe24, i3 Verticals, Coveo Solutions, CAB Payments Holdings, Tyro Payments, Commerce.com, BASE, A2Z Cust2Mate, DANAL and Youzan Technology.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $229M | $49M | 0.6x | 0.7x | 3.0x | 3.2x | |||
| $213M | $43M | 2.4x | 2.3x | 11.8x | 8.7x | |||
| $148M | ($25M) | 1.2x | 1.2x | (7.3x) | 107.6x | |||
| $158M | $47M | 1.9x | 1.8x | 6.5x | 6.5x | |||
| $339M | $48M | 0.6x | 0.5x | 3.9x | 3.9x | |||
| $342M | $2M | 0.8x | 0.9x | 176.3x | 8.8x | |||
| $133M | $11M | 0.8x | 0.8x | 10.3x | 9.8x | |||
| $8M | ($35M) | 25.9x | 7.4x | (5.8x) | (14.3x) | |||
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 $982M across 7 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, Moore Strategic Ventures, Westcap, K5 Global, CSC Upshot, H.I.G. Growth Partners, Digital Horizon and 22 others. |
| What is Bolt's revenue? | Bolt's latest recorded revenue is $2.3B (January 2022). |
| What is Bolt's revenue multiple? | Bolt's latest valuation implies a 4.8x revenue multiple ($11B valuation on $2.3B of revenue). |
| Which companies are comparable to Bolt? | Companies comparable to Bolt include SCI Ecommerce, Primer, Numeral, Rutter, Cafe24 and BASE. |
| 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. |
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