GoBolt Funding, Investors & Competitors

GoBolt has raised $146M across 6 funding rounds, most recently a $55M Series C in December 2022.

Last GoBolt funding round

$55M

Series C · Dec 2022

Cumulative funding GoBolt raised

$146M

across 6 funding rounds

Key investors in GoBolt

  • Whitecap Venture Partners
  • Micheal Hyatt
  • MIG Capital
  • Yaletown Partners
  • Intact Financial Corp.
  • Northleaf Capital Partners
  • Dream Maker Ventures (DMV)
  • Cowie Capital Partners

GoBolt Overview

About GoBolt

GoBolt is a Toronto-headquartered supply chain network offering warehousing, pick-and-pack, shipping, and last-mile delivery integrated with merchant operations. The company maintains warehouses across North America and deploys proprietary apps for transparency. GoBolt invests in electric vehicle fleets for carbon-neutral deliveries through sustainability partnerships. Established in 2017, the platform extends merchant capabilities with technology-driven logistics.


Founded

2017

HQ

CanadaToronto

Website

gobolt.com

Status

Privately held

Customer focus

B2B

Revenue model

Services, Subscription

GoBolt Funding History

GoBolt has raised a total of $146M across 6 funding rounds.

GoBolt's first fundraising round was a $400K seed round in July 2017. The most recent completed round was a $55M Series C in December 2022.

GoBolt funding rounds

GoBolt funding rounds
DateStageInvestorsRaisedDeal Summary
Dec 2022Series CExport Development Canada (lead); Yaletown Partners (lead); MIG Group; Ingka Investments; Northleaf Capital Partners; Whitecap Venture Partners; BDC Capital; BMO Capital Markets$55MGoBolt is a Toronto-based logistics company providing end-to-end services including warehousing, pick-and-pack, shipping, and last-mile delivery using proprietary technology for real-time tracking and an all-electric fleet aimed at sustainability and carbon negativity. The Series C round on December 9, 2022, raised $55.12 million (CAD converted to USD in reports), led by Yaletown Venture Partners and Export Development Canada, with participation from BDC Capital, BMO Capital Partners, Ingka Investments, MIG Group, Northleaf Capital Partners, and Whitecap Venture Partners, bringing total funding to approximately $162-176 million. Funds will expand electric vehicle infrastructure, fleet, US market growth, and Canadian operations in cities like Toronto, Montreal, Ottawa, Calgary, and Vancouver. GoBolt differentiates with in-house staffing, EV focus having invested over $40 million in charging stations, and plans for warehouse automation and carbon capture projects. Customers include direct-to-consumer brands like Frank and Oak, competing against Amazon's Rivian EVs and DHL's electric vans. The company positions itself uniquely in logistics through network scale, technology, and sustainability, resonating with North American brands seeking carbon-negative solutions.
Nov 2021Series BYaletown Partners (lead); Bank of Montreal; Micheal Hyatt; Northleaf Capital Partners; MIG Capital; Whitecap Venture Partners; Mark Cowie; Silicon Valley Bank; Dream Maker Ventures (DMV); Mike Cowie; Intact Financial Corp.; Kensington Capital Partners Limited; Ingka Group$60MGoBolt is a tech-enabled logistics company that secured a C$75 million Series C financing round led by Yaletown Partners, with Export Development Canada (EDC) also participating. This followed a prior C$115 million round, also led by Yaletown. The investors in the queried round include Bank of Montreal, Dream Maker Ventures, Ingka Group, Intact Ventures, Kensington Capital Partners, Mark Cowie, Michael Hyatt, MIG Capital, Mike Cowie, Northleaf Capital Partners, Silicon Valley Bank, and Whitecap Venture Partners, with Yaletown Partners as lead.
Mar 2021Undisclosed stageIntact Financial Corp. (lead); Whitecap Venture Partners (lead); Cowie Capital Partners; Micheal Hyatt; MIG Capital$16M-
Dec 2019Series AWhitecap Venture Partners (lead); Cowie Capital Partners; Micheal Hyatt; Dream Maker Ventures (DMV)$13M-
Jun 2018Seed-$2M-
Jul 2017SeedMicheal Hyatt (lead); Richard Hyatt (lead)$400K-

Who has invested in GoBolt?

20 investors have backed GoBolt across its funding rounds, including Whitecap Venture Partners, Micheal Hyatt, MIG Capital, Yaletown Partners, Intact Financial Corp. and Northleaf Capital Partners.

Lead investors include Export Development Canada, Yaletown Partners, Intact Financial Corp., Whitecap Venture Partners, Micheal Hyatt and 1 other investor.


GoBolt Investors

Investors in GoBolt by funding rounds participated
InvestorHQRoundsRoleFirst check
Micheal HyattCanadaToronto4LeadJul 2017
Whitecap Venture PartnersCanadaToronto4LeadDec 2019
Cowie Capital PartnersCanadaToronto2ParticipantDec 2019
Northleaf Capital PartnersCanadaToronto2ParticipantNov 2021
MIG CapitalUnited StatesLos Angeles, CA2ParticipantMar 2021
Yaletown PartnersCanadaVancouver2LeadNov 2021
Dream Maker Ventures (DMV)CanadaToronto2ParticipantDec 2019
Intact Financial Corp.CanadaMontreal2LeadMar 2021
MIG GroupCanadaToronto1ParticipantDec 2022
Export Development CanadaCanadaOttawa1LeadDec 2022
Ingka InvestmentsUnited StatesChicago, IL1ParticipantDec 2022
Richard HyattCanadaToronto1LeadJul 2017
Bank of MontrealCanadaToronto1ParticipantNov 2021

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Acquisitions by GoBolt

GoBolt has acquired 1 company to date.

Last acquisition by GoBolt was on June 14th 2022. GoBolt acquired BoxKnight for undisclosed valuation.


Latest Acquisitions by GoBolt

BoxKnight
Description
BoxKnight is a Miami-headquartered same-day delivery service tailored for e-commerce retailers in the southeastern U.S. The platform connects merchants with a network of drivers for rapid fulfillment from warehouses to doorsteps. Features include real-time tracking and API integrations with Shopify and WooCommerce. Launched in 2020, BoxKnight covers Florida cities like Orlando and Tampa.
HQ CountryCanada
HQ City
Montreal
Deal Date14 Jun 2022
Valuationundisclosed
EV/Revenue
EV/EBITDA

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GoBolt Competitors

GoBolt competitors include listed companies like Xiamen Xiangyu Co and Shopify, and private ones like Olist, Route, Flexe and Redo.

Public and private companies comparable to GoBolt
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
OlistBrazilCuritibaPrivate--$1.5B-
RouteUnited StatesSalt Lake City, UTPrivate--$1.4B-
FlexeUnited StatesSeattle, WAPrivate--$1B-
Xiamen Xiangyu CoChinaChinaPublicly listed$61B$523M$2.5B0.1x
RedoUnited StatesSalt Lake City, UTPrivate--$1.3B-
ShopifyCanadaCanadaPublicly listed$12B$1.2B$165B11.3x

GoBolt Public Comps

GoBolt is still privately-owned, but its public comps include Shopify, UPS, Canadian National Railway, FedEx, Deutsche Post, Maersk, DSV, Adani Ports & Special, Poste Italiane and Old Dominion Freight Line.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Shopify$12B$1.2B13.9x11.3x132.9x61.9x
UPS$89B$12B1.2x1.2x9.2x8.8x
Canadian National Railway$12B$6.5B7.2x6.8x13.6x13.9x
FedEx$95B$11B1.1x1.1x9.5x9.9x
Deutsche Post$95B$13B1.0x1.0x7.8x7.4x
Maersk$54B$10B1.1x1.0x5.9x5.4x
DSV$38B$3.6B1.6x1.3x16.4x11.5x
Adani Ports & Special$4B$2.4B11.8x11.0x20.2x18.7x

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Common questions about GoBolt

When was GoBolt founded?GoBolt was founded in 2017.
Where is GoBolt headquartered?GoBolt is headquartered in Toronto, Canada.
Is GoBolt publicly listed?No, GoBolt is a private, VC-backed company.
How much funding has GoBolt raised?GoBolt has raised $146M across 6 funding rounds.
What was GoBolt's last funding round?GoBolt's last funding round was a $55M Series C in December 2022, led by Export Development Canada and Yaletown Partners.
Who are GoBolt's investors?GoBolt's investors include Micheal Hyatt, Whitecap Venture Partners, Cowie Capital Partners, Northleaf Capital Partners, MIG Capital, Yaletown Partners, Dream Maker Ventures (DMV), Intact Financial Corp., MIG Group, Export Development Canada and 10 others.
Which companies are comparable to GoBolt?Companies comparable to GoBolt include Olist, Route, Flexe, Xiamen Xiangyu Co, Redo and Shopify.
How many companies has GoBolt acquired?GoBolt has acquired 1 company, including BoxKnight.

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